SVB Wealth LLC Sells 4,212 Shares of Barclays PLC (NYSE:BCS)

SVB Wealth LLC lowered its stake in shares of Barclays PLC (NYSE:BCS) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,800 shares of the financial services provider’s stock after selling 4,212 shares during the quarter. SVB Wealth LLC’s holdings in Barclays were worth $101,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in Barclays during the third quarter worth $30,000. IFP Advisors Inc boosted its position in Barclays by 127.0% in the third quarter. IFP Advisors Inc now owns 4,285 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 2,397 shares during the last quarter. Private Trust Co. NA boosted its position in Barclays by 58.5% in the fourth quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 2,000 shares during the last quarter. CWM LLC boosted its position in Barclays by 35.1% in the third quarter. CWM LLC now owns 6,059 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,574 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its position in Barclays by 139.3% in the third quarter. Paradigm Asset Management Co. LLC now owns 6,700 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 3,900 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Up 2.0 %

BCS stock opened at $9.71 on Wednesday. Barclays PLC has a 1-year low of $6.23 and a 1-year high of $9.98. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.63. The stock’s fifty day simple moving average is $8.99 and its two-hundred day simple moving average is $7.91. The stock has a market cap of $36.81 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.35 and a beta of 1.48.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Tuesday, February 20th. The financial services provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.39). Barclays had a net margin of 16.82% and a return on equity of 6.09%. The firm had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.38 billion. Analysts expect that Barclays PLC will post 1.58 EPS for the current year.

Barclays Increases Dividend

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

Analysts Set New Price Targets

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

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.