Redhawk Wealth Advisors Inc. Acquires 51,679 Shares of Barclays PLC $BCS

Redhawk Wealth Advisors Inc. raised its holdings in Barclays PLC (NYSE:BCS) by 70.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 124,961 shares of the financial services provider’s stock after acquiring an additional 51,679 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Barclays were worth $3,180,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC raised its stake in Barclays by 3.6% in the third quarter. Fisher Asset Management LLC now owns 86,027,312 shares of the financial services provider’s stock valued at $1,778,185,000 after purchasing an additional 2,964,420 shares in the last quarter. Natixis Advisors LLC grew its stake in Barclays by 5.9% in the 3rd quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock worth $204,357,000 after buying an additional 549,497 shares in the last quarter. American Century Companies Inc. grew its stake in Barclays by 39.2% in the 3rd quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock worth $100,065,000 after buying an additional 1,362,247 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Barclays by 793.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after buying an additional 4,242,360 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Barclays by 4.5% during the 3rd quarter. Sei Investments Co. now owns 3,855,037 shares of the financial services provider’s stock valued at $79,684,000 after buying an additional 167,439 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

Shares of Barclays stock opened at $20.24 on Friday. The company has a debt-to-equity ratio of 5.45, a quick ratio of 1.39 and a current ratio of 1.39. Barclays PLC has a 52-week low of $12.14 and a 52-week high of $27.70. The company has a fifty day moving average of $24.23 and a 200-day moving average of $23.07. The stock has a market capitalization of $69.78 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 0.39 and a beta of 0.95.

Barclays (NYSE:BCS) last issued its earnings results on Tuesday, February 10th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.23 billion. Barclays had a net margin of 21.91% and a return on equity of 8.33%. Equities research analysts expect that Barclays PLC will post 2 EPS for the current year.

Barclays Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th will be issued a $0.3069 dividend. The ex-dividend date is Friday, February 20th. This represents a dividend yield of 236.0%. Barclays’s payout ratio is currently 25.33%.

Analyst Upgrades and Downgrades

BCS has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Friday, February 13th. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, January 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research note on Wednesday, February 11th. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Barclays in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.