Valeo Financial Advisors LLC Reduces Position in Barclays PLC (NYSE:BCS)

Valeo Financial Advisors LLC lessened its holdings in shares of Barclays PLC (NYSE:BCS) by 18.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,870 shares of the financial services provider’s stock after selling 2,471 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Barclays were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Sapient Capital LLC bought a new stake in shares of Barclays during the 4th quarter valued at $159,000. Cerity Partners LLC raised its position in shares of Barclays by 12.3% during the 4th quarter. Cerity Partners LLC now owns 66,433 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 7,250 shares during the period. International Assets Investment Management LLC raised its position in shares of Barclays by 426.4% during the 4th quarter. International Assets Investment Management LLC now owns 12,608 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 10,213 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in shares of Barclays during the 4th quarter valued at $81,000. Finally, Private Trust Co. NA raised its position in shares of Barclays by 58.5% during the 4th quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $190.00.

Barclays Stock Performance

Shares of NYSE BCS opened at $9.01 on Wednesday. The company has a market cap of $34.16 billion, a P/E ratio of 6.58, a P/E/G ratio of 0.35 and a beta of 1.48. Barclays PLC has a 52-week low of $6.23 and a 52-week high of $9.98. The company has a debt-to-equity ratio of 5.63, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s fifty day moving average is $8.78 and its two-hundred day moving average is $7.85.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Tuesday, February 20th. The financial services provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.39). The company had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Barclays had a return on equity of 6.09% and a net margin of 16.82%. As a group, analysts anticipate that Barclays PLC will post 1.59 EPS for the current fiscal year.

Barclays Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 1st were paid a $0.2671 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a yield of 4.6%. This is a boost from Barclays’s previous semi-annual dividend of $0.14. Barclays’s payout ratio is presently 37.96%.

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.