Jain Global LLC Trims Stock Position in Barclays PLC $BCS

Jain Global LLC lessened its holdings in shares of Barclays PLC (NYSE:BCS) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,749 shares of the financial services provider’s stock after selling 25,096 shares during the period. Jain Global LLC’s holdings in Barclays were worth $6,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BCS. Illumine Investment Management LLC acquired a new position in shares of Barclays in the 3rd quarter valued at about $2,195,000. Todd Asset Management LLC grew its holdings in Barclays by 4.0% during the third quarter. Todd Asset Management LLC now owns 3,516,095 shares of the financial services provider’s stock worth $72,678,000 after acquiring an additional 134,560 shares during the period. New York State Common Retirement Fund raised its position in Barclays by 10.4% during the third quarter. New York State Common Retirement Fund now owns 1,830,351 shares of the financial services provider’s stock valued at $37,833,000 after acquiring an additional 172,944 shares in the last quarter. Cibc World Market Inc. lifted its holdings in Barclays by 226.9% in the third quarter. Cibc World Market Inc. now owns 262,678 shares of the financial services provider’s stock valued at $5,430,000 after acquiring an additional 182,318 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in Barclays by 39.5% in the third quarter. Voya Investment Management LLC now owns 146,796 shares of the financial services provider’s stock valued at $3,034,000 after acquiring an additional 41,585 shares during the period. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Stock Up 1.7%

Barclays stock opened at $20.83 on Tuesday. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $71.82 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.38 and a beta of 0.95. The business has a 50 day simple moving average of $25.18 and a 200-day simple moving average of $23.04. Barclays PLC has a 12 month low of $12.14 and a 12 month high of $27.70.

Barclays (NYSE:BCS) last released its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The firm 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%. On average, analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 20th will be given a dividend of $0.3069 per share. The ex-dividend date is Friday, February 20th. This represents a yield of 236.0%. Barclays’s payout ratio is presently 26.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a research note on Tuesday, December 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research report on Friday, February 13th. Erste Group Bank reaffirmed a “hold” rating on shares of Barclays in a report on Thursday, March 5th. Finally, Zacks Research upgraded shares of Barclays from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently 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.