Morningstar Investment Services LLC Raises Stake in Barclays PLC (BCS)
Morningstar Investment Services LLC boosted its position in Barclays PLC (NYSE:BCS) by 35.9% during the second quarter, Holdings Channel reports. The institutional investor owned 51,854 shares of the financial services provider’s stock after buying an additional 13,706 shares during the period. Morningstar Investment Services LLC’s holdings in Barclays PLC were worth $549,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in Barclays PLC during the second quarter worth about $110,000. Rand Wealth LLC bought a new stake in Barclays PLC during the first quarter worth about $115,000. Advisor Partners LLC bought a new stake in Barclays PLC during the second quarter worth about $119,000. HPM Partners LLC bought a new stake in Barclays PLC during the first quarter worth about $127,000. Finally, Greenleaf Trust bought a new stake in Barclays PLC during the first quarter worth about $131,000. Institutional investors and hedge funds own 2.45% of the company’s stock.
Barclays PLC (NYSE:BCS) opened at 10.33 on Tuesday. The stock’s market capitalization is $44.04 billion. Barclays PLC has a 12 month low of $8.02 and a 12 month high of $12.05. The company has a 50 day moving average price of $10.73 and a 200 day moving average price of $10.94.
Barclays PLC (NYSE:BCS) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.22 billion. Barclays PLC had a negative net margin of 2.65% and a positive return on equity of 2.57%. Equities research analysts predict that Barclays PLC will post $0.86 earnings per share for the current year.
The business also recently announced a None dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.051 per share. This represents a dividend yield of 1.95%. The ex-dividend date is Wednesday, August 9th. Barclays PLC’s dividend payout ratio (DPR) is currently -88.23%.
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A number of research firms recently issued reports on BCS. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Barclays PLC in a research note on Saturday, May 20th. UBS AG raised Barclays PLC from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 17th. Morgan Stanley reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Tuesday, July 18th. ValuEngine lowered Barclays PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Natixis lowered Barclays PLC from a “buy” rating to a “neutral” rating in a research note on Thursday, May 4th. Nine equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.09.
In other Barclays PLC news, major shareholder Plc Barclays sold 260 shares of Barclays PLC stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $100,000.00, for a total transaction of $26,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.02% of the company’s stock.
About Barclays PLC
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