Zions Bancorporation N.A. Sells 1,140 Shares of Barclays PLC (NYSE:BCS)

Zions Bancorporation N.A. trimmed its stake in shares of Barclays PLC (NYSE:BCS) by 26.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,162 shares of the financial services provider’s stock after selling 1,140 shares during the quarter. Zions Bancorporation N.A.’s holdings in Barclays were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BCS. Acadian Asset Management LLC grew its stake in Barclays by 1,362.1% during the second quarter. Acadian Asset Management LLC now owns 19,682,115 shares of the financial services provider’s stock worth $210,762,000 after buying an additional 18,335,937 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Barclays by 6,028.3% during the 1st quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock worth $16,239,000 after acquiring an additional 1,690,339 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Barclays by 231.3% in 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 acquiring an additional 1,621,896 shares during the last quarter. Brandes Investment Partners LP raised 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 in the last quarter. Finally, Trexquant Investment LP bought a new stake in Barclays during the fourth quarter worth $4,840,000. Institutional investors own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BCS. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. Kepler Capital Markets initiated coverage on Barclays in a research note on Thursday, September 5th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Barclays Stock Up 1.6 %

Shares of BCS opened at $11.74 on Monday. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.39 and a current ratio of 1.39. Barclays PLC has a 52 week low of $6.23 and a 52 week high of $12.49. The stock has a market capitalization of $43.50 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 0.63 and a beta of 1.43. The stock has a fifty day moving average of $11.68 and a 200-day moving average of $10.68.

Barclays (NYSE:BCS) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $7.98 billion during the quarter. Barclays had a return on equity of 5.94% and a net margin of 16.83%. During the same quarter in the prior year, the business posted $0.43 earnings per share. As a group, sell-side analysts anticipate that Barclays PLC will post 1.68 earnings per share for the current fiscal year.

Barclays Increases Dividend

The firm also recently announced 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 a positive change 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%.

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.