Raymond James & Associates Has $38.35 Million Stock Holdings in Barclays PLC (NYSE:BCS)

Raymond James & Associates lessened its holdings in Barclays PLC (NYSE:BCS) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,580,564 shares of the financial services provider’s stock after selling 274,396 shares during the period. Raymond James & Associates’ holdings in Barclays were worth $38,348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Cubist Systematic Strategies LLC boosted its position in Barclays by 231.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock valued at $18,306,000 after purchasing an additional 1,621,896 shares during the last quarter. Brandes Investment Partners LP boosted its position in Barclays by 65.9% during the fourth quarter. Brandes Investment Partners LP now owns 1,750,257 shares of the financial services provider’s stock valued at $13,792,000 after purchasing an additional 695,502 shares during the last quarter. National Bank of Canada FI boosted its position in Barclays by 6,028.3% during the first quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock valued at $16,239,000 after purchasing an additional 1,690,339 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Barclays by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,533,600 shares of the financial services provider’s stock valued at $14,493,000 after purchasing an additional 265,200 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Barclays by 1,502.3% during the first quarter. Acadian Asset Management LLC now owns 1,346,178 shares of the financial services provider’s stock valued at $12,711,000 after purchasing an additional 1,262,165 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Trading Up 0.9 %

Shares of BCS opened at $11.98 on Tuesday. Barclays PLC has a 12-month low of $6.23 and a 12-month high of $12.11. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 6.15. The firm has a market capitalization of $44.37 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 0.62 and a beta of 1.44. The stock’s 50-day moving average price is $11.24 and its 200 day moving average price is $10.13.

Barclays (NYSE:BCS) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $7.98 billion for the quarter. Barclays had a return on equity of 5.96% and a net margin of 16.83%. During the same period in the previous year, the firm posted $0.43 earnings per share. As a group, research analysts predict that Barclays PLC will post 1.68 earnings per share for the current year.

Barclays Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.2684 per share. This represents a yield of 3.6%. This is an increase from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend is Friday, August 16th. Barclays’s payout ratio is presently 21.64%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Barclays in a research report on Thursday, May 9th. They set a “buy” rating for the company. StockNews.com upgraded Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th.

Barclays Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.