Modera Wealth Management LLC Sells 1,851 Shares of Barclays PLC (NYSE:BCS)

Modera Wealth Management LLC lessened its holdings in Barclays PLC (NYSE:BCS) by 14.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,989 shares of the financial services provider’s stock after selling 1,851 shares during the period. Modera Wealth Management LLC’s holdings in Barclays were worth $146,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. FMR LLC raised its stake in Barclays by 11.6% in the third quarter. FMR LLC now owns 6,432,007 shares of the financial services provider’s stock worth $78,149,000 after buying an additional 667,498 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Barclays in the 3rd quarter valued at $52,335,000. Natixis Advisors LLC increased its holdings in shares of Barclays by 286.1% in the 3rd quarter. Natixis Advisors LLC now owns 3,565,033 shares of the financial services provider’s stock valued at $43,315,000 after acquiring an additional 2,641,608 shares during the period. Todd Asset Management LLC raised its position in shares of Barclays by 0.5% in the 4th quarter. Todd Asset Management LLC now owns 3,484,974 shares of the financial services provider’s stock worth $46,315,000 after acquiring an additional 18,854 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of Barclays during the 4th quarter worth $21,514,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com lowered Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Barclays currently has an average rating of “Moderate Buy”.

Barclays Stock Up 3.2 %

Barclays stock opened at $16.21 on Thursday. The business has a fifty day moving average price of $14.49 and a 200-day moving average price of $13.27. Barclays PLC has a 1-year low of $8.77 and a 1-year high of $16.27. The stock has a market capitalization of $58.43 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.39 and a beta of 1.38. The company has a debt-to-equity ratio of 5.33, a current ratio of 1.29 and a quick ratio of 1.29.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share 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 research 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 will be paid on Friday, April 4th. Shareholders of record on Friday, February 28th will be issued a $0.2737 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 2.7%. This is a boost from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio (DPR) is currently 28.80%.

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.