NINE MASTS CAPITAL Ltd Purchases New Shares in Barclays PLC $BCS

NINE MASTS CAPITAL Ltd acquired a new position in Barclays PLC (NYSE:BCS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 493,965 shares of the financial services provider’s stock, valued at approximately $13,268,000. Barclays makes up approximately 1.3% of NINE MASTS CAPITAL Ltd’s holdings, making the stock its 13th largest position.

Several other large investors also recently added to or reduced their stakes in the stock. Brooklands Fund Management Ltd bought a new position in Barclays in the 1st quarter valued at $1,405,000. Barometer Capital Management Inc. lifted its position in shares of Barclays by 2,009.8% during the first quarter. Barometer Capital Management Inc. now owns 86,500 shares of the financial services provider’s stock worth $1,830,000 after purchasing an additional 82,400 shares during the last quarter. Bluebird Wealth Management LLC purchased a new stake in shares of Barclays during the fourth quarter valued at $2,628,000. Entropy Technologies LP purchased a new stake in shares of Barclays during the first quarter valued at $1,041,000. Finally, Renaissance Technologies LLC bought a new position in shares of Barclays in the first quarter worth about $81,762,000. 3.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BCS has been the subject of a number of research analyst reports. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research report on Thursday, July 2nd. Berenberg Bank initiated coverage on shares of Barclays in a research note on Wednesday, June 24th. They set a “buy” rating for the company. Weiss Ratings raised Barclays from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Finally, Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on BCS

Barclays Price Performance

NYSE BCS opened at $26.91 on Monday. The company has a market cap of $90.81 billion, a PE ratio of 10.04, a P/E/G ratio of 0.47 and a beta of 1.00. Barclays PLC has a 52-week low of $19.28 and a 52-week high of $28.68. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.46 and a current ratio of 1.46. The firm’s 50 day moving average price is $27.50 and its 200-day moving average price is $24.90.

Barclays (NYSE:BCSGet Free Report) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $10.95 billion during the quarter, compared to analyst estimates of $10.78 billion. Barclays had a return on equity of 8.80% and a net margin of 22.27%. Sell-side analysts forecast that Barclays PLC will post 2.83 EPS for the current fiscal year.

Barclays Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be paid a dividend of $0.3134 per share. This represents a dividend yield of 224.0%. The ex-dividend date is Friday, August 7th. Barclays’s dividend payout ratio is 22.39%.

About Barclays

(Free Report)

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.

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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