OLD National Bancorp IN Acquires 5,997 Shares of Barclays PLC (NYSE:BCS)

OLD National Bancorp IN lifted its holdings in shares of Barclays PLC (NYSE:BCS) by 15.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,477 shares of the financial services provider’s stock after purchasing an additional 5,997 shares during the period. OLD National Bancorp IN’s holdings in Barclays were worth $487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BCS. Private Trust Co. NA boosted its position in shares of Barclays by 58.5% during the 4th quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 2,000 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new position in Barclays in the fourth quarter worth approximately $81,000. Cerity Partners LLC boosted its holdings in Barclays by 12.3% in the fourth quarter. Cerity Partners LLC now owns 66,433 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 7,250 shares in the last quarter. Sapient Capital LLC bought a new position in Barclays in the fourth quarter worth approximately $159,000. Finally, Clarius Group LLC boosted its holdings in Barclays by 8.0% in the fourth quarter. Clarius Group LLC now owns 37,224 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 2,753 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Up 2.4 %

Shares of Barclays stock traded up $0.26 on Friday, hitting $11.26. The company had a trading volume of 16,563,096 shares, compared to its average volume of 15,203,392. The stock has a market capitalization of $41.72 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.62 and a beta of 1.44. Barclays PLC has a 1 year low of $6.23 and a 1 year high of $12.11. The stock has a 50 day moving average of $11.18 and a 200-day moving average of $9.93. The company has a debt-to-equity ratio of 6.15, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $7.98 billion during the quarter. Barclays had a return on equity of 5.96% and a net margin of 16.83%. During the same period last year, the company earned $0.43 earnings per share. As a group, sell-side analysts forecast that Barclays PLC will post 1.68 earnings per share for the current year.

Barclays Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 16th will be paid a $0.2684 dividend. The ex-dividend date of this dividend is Friday, August 16th. This is an increase from Barclays’s previous semi-annual dividend of $0.27. This represents a dividend yield of 3.6%. Barclays’s dividend payout ratio is 21.64%.

Wall Street Analysts Forecast Growth

BCS has been the topic of several recent research reports. StockNews.com upgraded Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Barclays in a report on Thursday, May 9th. They issued a “buy” rating on the stock.

Barclays Company 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.