Ellevest Inc. Invests $294,000 in Barclays PLC (NYSE:BCS)

Ellevest Inc. purchased a new stake in shares of Barclays PLC (NYSE:BCS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 22,129 shares of the financial services provider’s stock, valued at approximately $294,000.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of Barclays by 981.7% during the 3rd quarter. Franklin Resources Inc. now owns 277,243 shares of the financial services provider’s stock valued at $3,424,000 after acquiring an additional 251,613 shares during the last quarter. Aprio Wealth Management LLC raised its position in shares of Barclays by 16.7% during the 4th quarter. Aprio Wealth Management LLC now owns 15,232 shares of the financial services provider’s stock valued at $202,000 after buying an additional 2,181 shares in the last quarter. Kathmere Capital Management LLC grew its position in Barclays by 10.7% in the fourth quarter. Kathmere Capital Management LLC now owns 48,435 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 4,667 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Barclays by 190.2% in the 4th quarter. Park Avenue Securities LLC now owns 159,536 shares of the financial services provider’s stock worth $2,120,000 after purchasing an additional 104,555 shares during the period. Finally, Redhawk Wealth Advisors Inc. increased its position in Barclays by 28.0% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 44,541 shares of the financial services provider’s stock valued at $592,000 after acquiring an additional 9,743 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Trading Up 1.0 %

Shares of BCS opened at $16.52 on Friday. The company has a debt-to-equity ratio of 5.33, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $59.18 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.39 and a beta of 1.10. The company has a 50-day moving average of $15.25 and a 200 day moving average of $14.33. Barclays PLC has a 1-year low of $10.17 and a 1-year high of $16.57.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $10.32 billion during the quarter, compared to analyst estimates of $8.37 billion. Barclays had a return on equity of 7.74% and a net margin of 20.81%. On average, research analysts expect that Barclays PLC will post 2 EPS for the current year.

Barclays Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, April 4th. Investors of record on Friday, February 28th were issued a $0.2737 dividend. This is an increase from Barclays’s previous semi-annual dividend of $0.27. This represents a dividend yield of 2.7%. The ex-dividend date was Friday, February 28th. Barclays’s payout ratio is presently 27.92%.

Analyst Upgrades and Downgrades

BCS has been the subject of several analyst reports. StockNews.com downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. BNP Paribas raised Barclays from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 4th.

Barclays 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.