Channing Global Advisors LLC Acquires New Position in Barclays PLC (NYSE:BCS)

Channing Global Advisors LLC purchased a new position in Barclays PLC (NYSE:BCS) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 36,927 shares of the financial services provider’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cedar Brook Financial Partners LLC grew its stake in Barclays by 10.8% in the 3rd quarter. Cedar Brook Financial Partners LLC now owns 14,562 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 1,422 shares during the period. Blue Trust Inc. grew its stake in Barclays by 23.7% in the 4th quarter. Blue Trust Inc. now owns 8,183 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 1,567 shares during the period. CWM LLC grew its stake in Barclays by 35.1% in the 3rd quarter. CWM LLC now owns 6,059 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,574 shares during the period. AlphaQ Advisors LLC grew its stake in Barclays by 15.9% in the 3rd quarter. AlphaQ Advisors LLC now owns 11,896 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 1,635 shares during the period. Finally, OLD National Bancorp IN grew its stake in Barclays by 5.0% in the 4th quarter. OLD National Bancorp IN now owns 36,228 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 1,732 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Trading Up 0.6 %

Shares of NYSE BCS traded up $0.06 during trading on Friday, hitting $10.42. 10,979,854 shares of the company were exchanged, compared to its average volume of 17,919,633. Barclays PLC has a 12-month low of $6.23 and a 12-month high of $10.45. The company has a debt-to-equity ratio of 5.63, a quick ratio of 1.34 and a current ratio of 1.34. The company has a fifty day moving average price of $9.10 and a 200-day moving average price of $7.94. The firm has a market capitalization of $39.51 billion, a PE ratio of 7.55, a P/E/G ratio of 0.36 and a beta of 1.48.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Tuesday, February 20th. The financial services provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.39). Barclays had a return on equity of 6.09% and a net margin of 16.82%. The company had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.38 billion. As a group, equities research analysts expect that Barclays PLC will post 1.58 EPS for the current year.

Barclays Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 1st were given a $0.2671 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a yield of 4.6%. This is a boost from Barclays’s previous semi-annual dividend of $0.14. Barclays’s dividend payout ratio is presently 37.96%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Barclays from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $190.00.

About Barclays

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.