Envestnet Asset Management Inc. Boosts Stock Position in Barclays PLC (NYSE:BCS)

Envestnet Asset Management Inc. boosted its position in shares of Barclays PLC (NYSE:BCS) by 14.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,063,126 shares of the financial services provider’s stock after acquiring an additional 391,899 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Barclays were worth $40,709,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BCS. Dynamic Technology Lab Private Ltd purchased a new position in shares of Barclays in the fourth quarter valued at approximately $370,000. Wells Fargo & Company MN boosted its position in Barclays by 423.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,897,984 shares of the financial services provider’s stock valued at $38,514,000 after buying an additional 2,344,858 shares during the period. Pitcairn Co. boosted its position in Barclays by 7.2% in the 4th quarter. Pitcairn Co. now owns 20,275 shares of the financial services provider’s stock valued at $269,000 after buying an additional 1,355 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Barclays by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 388,833 shares of the financial services provider’s stock worth $5,168,000 after acquiring an additional 88,648 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Barclays in the fourth quarter valued at $260,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BCS has been the subject of several analyst reports. StockNews.com cut 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Barclays presently has an average rating of “Moderate Buy”.

Barclays Price Performance

Shares of BCS opened at $13.95 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.33. The firm’s fifty day simple moving average is $15.14 and its 200-day simple moving average is $13.88. The firm has a market capitalization of $50.14 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 0.39 and a beta of 1.11. Barclays PLC has a twelve month low of $8.95 and a twelve month high of $16.34.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. Equities analysts forecast that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, February 28th were paid a $0.2737 dividend. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. This represents a yield of 2.7%. The ex-dividend date was Friday, February 28th. Barclays’s dividend payout ratio is currently 29.89%.

About Barclays

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.