Concurrent Investment Advisors LLC Purchases 3,121 Shares of Barclays PLC $BCS

Concurrent Investment Advisors LLC grew its position in Barclays PLC (NYSE:BCS) by 9.3% during the second quarter, HoldingsChannel reports. The firm owned 36,658 shares of the financial services provider’s stock after buying an additional 3,121 shares during the period. Concurrent Investment Advisors LLC’s holdings in Barclays were worth $681,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BCS. Acadian Asset Management LLC boosted its stake in shares of Barclays by 37.6% in the 1st quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider’s stock valued at $516,163,000 after purchasing an additional 9,188,263 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Barclays by 78.7% in the 1st quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider’s stock valued at $136,593,000 after purchasing an additional 3,917,785 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Barclays by 8,088.1% in the 1st quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider’s stock valued at $13,549,000 after purchasing an additional 871,335 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Barclays in the 1st quarter valued at $12,809,000. Finally, New York State Common Retirement Fund boosted its stake in shares of Barclays by 65.7% in the 1st quarter. New York State Common Retirement Fund now owns 1,850,260 shares of the financial services provider’s stock valued at $28,420,000 after purchasing an additional 733,520 shares during the last quarter. 3.39% of the stock is owned by institutional investors.

Barclays Stock Performance

BCS opened at $19.38 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70. The company’s fifty day moving average price is $20.34 and its two-hundred day moving average price is $18.31. Barclays PLC has a 1-year low of $12.14 and a 1-year high of $21.22. The company has a market cap of $67.76 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.42 and a beta of 1.10.

Barclays (NYSE:BCS) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. Barclays had a net margin of 22.11% and a return on equity of 8.49%. The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $7.06 billion. On average, analysts expect that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were issued a dividend of $0.1557 per share. The ex-dividend date was Friday, August 8th. This represents a yield of 210.0%. Barclays’s dividend payout ratio is presently 14.75%.

Analysts Set New Price Targets

A number of research firms have recently commented on BCS. Citigroup lowered shares of Barclays from a “buy” rating to a “neutral” rating in a research note on Friday, July 18th. Wall Street Zen lowered shares of Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Barclays in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday, July 16th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

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.