Oakmont Investment Advisors Inc. Takes Position in Barclays PLC $BCS

Oakmont Investment Advisors Inc. bought a new position in Barclays PLC (NYSE:BCS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,000 shares of the financial services provider’s stock, valued at approximately $618,000.

Several other institutional investors have also bought and sold shares of the stock. Commonwealth Retirement Investments LLC bought a new position in shares of Barclays during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Barclays in the 4th quarter worth about $26,000. SHP Wealth Management bought a new stake in shares of Barclays in the 4th quarter worth about $28,000. Advocate Investing Services LLC acquired a new stake in shares of Barclays during the 4th quarter worth about $33,000. Finally, First Pacific Financial lifted its holdings in Barclays by 3,036.4% during the 1st quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,670 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BCS. Bank of America cut shares of Barclays from a “buy” rating to a “neutral” rating in a research note on Tuesday. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Berenberg Bank initiated coverage on Barclays in a report on Wednesday, June 24th. They issued a “buy” rating on the stock. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded Barclays from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Barclays currently has an average rating of “Hold”.

Barclays Stock Up 0.4%

Shares of NYSE:BCS opened at $27.00 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.76. The firm has a market cap of $91.11 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.56 and a beta of 0.99. Barclays PLC has a 12 month low of $19.29 and a 12 month high of $28.68. The company’s 50-day moving average price is $27.45 and its two-hundred day moving average price is $24.94.

Barclays (NYSE:BCS) last announced its earnings results on Monday, July 27th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Barclays had a net margin of 22.27% and a return on equity of 8.80%. The company had revenue of $10.95 billion for the quarter, compared to analyst estimates of $10.78 billion. As a group, research analysts forecast that Barclays PLC will post 2.85 EPS for the current fiscal year.

Barclays Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.3134 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a yield of 224.0%. Barclays’s dividend payout ratio is currently 22.39%.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.