Valeo Financial Advisors LLC Boosts Stock Position in Barclays PLC $BCS

Valeo Financial Advisors LLC lifted its position in Barclays PLC (NYSE:BCS) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,434 shares of the financial services provider’s stock after buying an additional 1,204 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Barclays were worth $417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elequin Capital LP purchased a new stake in shares of Barclays in the 1st quarter valued at $30,000. Wealthquest Corp purchased a new stake in shares of Barclays in the 1st quarter valued at $32,000. Dogwood Wealth Management LLC purchased a new stake in shares of Barclays in the 2nd quarter valued at $46,000. WPG Advisers LLC purchased a new stake in Barclays during the 1st quarter worth about $40,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Barclays during the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

BCS has been the topic of several recent research reports. Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a report on Wednesday, July 16th. Zacks Research upgraded Barclays from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Citigroup downgraded Barclays from a “buy” rating to a “neutral” rating in a report on Friday, July 18th. Finally, Morgan Stanley restated an “overweight” rating on shares of Barclays in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Barclays Trading Down 2.7%

NYSE:BCS opened at $19.92 on Friday. The stock has a 50-day simple moving average of $20.29 and a 200-day simple moving average of $18.14. The stock has a market cap of $69.99 billion, a P/E ratio of 9.18, a P/E/G ratio of 0.42 and a beta of 1.10. Barclays PLC has a 1 year low of $12.14 and a 1 year high of $21.22. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38.

Barclays (NYSE:BCS) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. Barclays had a return on equity of 8.49% and a net margin of 22.11%. As a group, analysts anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 8th were given a $0.1557 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a dividend yield of 210.0%. Barclays’s dividend payout ratio is 14.75%.

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.