BTC Capital Management Inc. Buys Shares of 76,426 Barclays PLC $BCS

BTC Capital Management Inc. purchased a new stake in Barclays PLC (NYSE:BCS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 76,426 shares of the financial services provider’s stock, valued at approximately $1,946,000.

Several other large investors have also modified their holdings of the business. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Barclays during the 2nd quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in Barclays during the 3rd quarter valued at $30,000. Salomon & Ludwin LLC increased its position in Barclays by 2,673.6% during the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock worth $31,000 after buying an additional 1,417 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Barclays in the third quarter worth $31,000. Finally, First Horizon Corp purchased a new stake in shares of Barclays in the third quarter valued at $40,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Performance

NYSE BCS opened at $21.18 on Wednesday. The business’s 50-day moving average price is $24.02 and its 200 day moving average price is $23.09. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.45. Barclays PLC has a twelve month low of $12.14 and a twelve month high of $27.70. The company has a market capitalization of $73.03 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.39 and a beta of 0.95.

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

Barclays Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 20th were issued a $0.3069 dividend. This represents a yield of 236.0%. The ex-dividend date was Friday, February 20th. Barclays’s payout ratio is presently 25.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, January 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a report on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a research note on Tuesday, December 23rd. Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Barclays presently has a consensus 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.