Farringdon Capital Ltd. Takes $324,000 Position in Barclays PLC (NYSE:BCS)

Farringdon Capital Ltd. acquired a new stake in shares of Barclays PLC (NYSE:BCS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,347 shares of the financial services provider’s stock, valued at approximately $324,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of Barclays during the fourth quarter valued at $26,000. Activest Wealth Management bought a new stake in Barclays in the 4th quarter valued at about $33,000. Sierra Ocean LLC bought a new position in Barclays in the 4th quarter worth about $38,000. TD Private Client Wealth LLC increased its stake in shares of Barclays by 135.5% in the fourth quarter. TD Private Client Wealth LLC now owns 2,916 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,678 shares during the period. Finally, Versant Capital Management Inc bought a new stake in shares of Barclays during the fourth quarter valued at approximately $44,000. 3.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BCS has been the subject of a number of recent analyst reports. BNP Paribas raised Barclays from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 4th. StockNews.com cut Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Barclays Trading Up 0.9 %

Shares of NYSE:BCS opened at $14.69 on Friday. Barclays PLC has a twelve month low of $9.26 and a twelve month high of $16.34. 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 has a market cap of $52.60 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.39 and a beta of 1.11. The company has a 50 day moving average of $15.09 and a 200-day moving average of $13.95.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Increases Dividend

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

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.