Concurrent Investment Advisors LLC Purchases 10,137 Shares of Barclays PLC (NYSE:BCS)

Concurrent Investment Advisors LLC grew its position in Barclays PLC (NYSE:BCS) by 97.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,512 shares of the financial services provider’s stock after acquiring an additional 10,137 shares during the period. Concurrent Investment Advisors LLC’s holdings in Barclays were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. ABC Arbitrage SA bought a new stake in Barclays during the 4th quarter valued at approximately $21,514,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Barclays during the 4th quarter valued at approximately $599,000. Allspring Global Investments Holdings LLC raised its position in shares of Barclays by 3,073.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider’s stock valued at $9,052,000 after buying an additional 667,687 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Barclays in the third quarter worth $3,647,000. Finally, Dorsey Wright & Associates bought a new position in shares of Barclays during the third quarter worth $3,276,000. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Stock Up 2.3 %

Shares of BCS opened at $15.46 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.33. The business has a fifty day moving average of $14.17 and a 200 day moving average of $13.11. The company has a market cap of $55.72 billion, a PE ratio of 8.40, a P/E/G ratio of 0.39 and a beta of 1.40. Barclays PLC has a 52-week low of $8.37 and a 52-week high of $15.65.

Barclays (NYSE:BCS) last released its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.15. Barclays had a net margin of 20.81% and a return on equity of 7.74%. On average, sell-side analysts expect that Barclays PLC will post 2 EPS for the current year.

Barclays Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, February 28th will be given a dividend of $0.2737 per share. This represents a dividend yield of 2.7%. This is an increase from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend is Friday, February 28th. Barclays’s dividend payout ratio (DPR) is 28.80%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Barclays from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th.

Barclays Company 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.