Ethic Inc. Has $2.93 Million Holdings in Barclays PLC $BCS

Ethic Inc. lowered its stake in Barclays PLC (NYSE:BCS) by 7.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,374 shares of the financial services provider’s stock after selling 12,068 shares during the period. Ethic Inc.’s holdings in Barclays were worth $2,929,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BCS. Elequin Capital LP acquired a new stake in shares of Barclays in the first quarter worth about $30,000. Wealthquest Corp acquired a new stake in shares of Barclays in the first quarter worth about $32,000. Zions Bancorporation National Association UT acquired a new stake in shares of Barclays in the first quarter worth about $40,000. WPG Advisers LLC acquired a new stake in shares of Barclays in the first quarter worth about $40,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Barclays in the first quarter worth about $46,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Trading Up 0.4%

Shares of BCS opened at $20.70 on Friday. Barclays PLC has a 12-month low of $12.14 and a 12-month high of $21.22. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 5.94. The firm has a market capitalization of $72.38 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 0.43 and a beta of 1.10. The stock’s 50-day moving average price is $20.33 and its 200 day moving average price is $18.53.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $6.95 billion. As a group, research analysts predict that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The business 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. This represents a yield of 210.0%. The ex-dividend date of this dividend was Friday, August 8th. Barclays’s payout ratio is presently 14.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BCS shares. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday. Zacks Research upgraded Barclays from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research note on Monday, October 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Thursday. Finally, Wall Street Zen lowered Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Barclays has an average 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.