National Bank of Canada FI Reduces Position in Barclays PLC (NYSE:BCS)

National Bank of Canada FI trimmed its holdings in Barclays PLC (NYSE:BCS) by 98.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,179 shares of the financial services provider’s stock after selling 1,690,200 shares during the quarter. National Bank of Canada FI’s holdings in Barclays were worth $305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hohimer Wealth Management LLC bought a new position in Barclays in the 2nd quarter valued at $4,583,000. First National Trust Co grew its holdings in shares of Barclays by 86.0% in the second quarter. First National Trust Co now owns 115,623 shares of the financial services provider’s stock worth $1,238,000 after purchasing an additional 53,476 shares during the last quarter. Financial Counselors Inc. increased its stake in Barclays by 30.0% in the 2nd quarter. Financial Counselors Inc. now owns 33,141 shares of the financial services provider’s stock worth $355,000 after buying an additional 7,655 shares during the period. Natixis Advisors LLC lifted its holdings in Barclays by 14.2% during the 2nd quarter. Natixis Advisors LLC now owns 923,425 shares of the financial services provider’s stock valued at $9,890,000 after buying an additional 115,032 shares in the last quarter. Finally, Drive Wealth Management LLC purchased a new stake in Barclays in the 2nd quarter valued at about $109,000. 3.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BCS has been the topic of a number of research reports. Kepler Capital Markets assumed coverage on shares of Barclays in a research report on Thursday, September 5th. They set a “buy” rating on the stock. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Barclays Trading Up 1.6 %

NYSE BCS opened at $11.74 on Friday. Barclays PLC has a one year low of $6.23 and a one year high of $12.49. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $42.98 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43. The company’s 50-day simple moving average is $11.68 and its two-hundred day simple moving average is $10.65.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The company had revenue of $7.98 billion for the quarter. Barclays had a net margin of 16.83% and a return on equity of 5.94%. During the same period in the previous year, the business earned $0.43 earnings per share. Equities analysts forecast that Barclays PLC will post 1.68 EPS for the current fiscal year.

Barclays Increases Dividend

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

Barclays Company 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.