Capital Wealth Planning LLC Acquires Shares of 237,750 Barclays PLC (NYSE:BCS)

Capital Wealth Planning LLC acquired a new stake in Barclays PLC (NYSE:BCS) during the second quarter, according to its most recent filing with the SEC. The firm acquired 237,750 shares of the financial services provider’s stock, valued at approximately $2,546,000.

A number of other hedge funds have also recently bought and sold shares of BCS. Acadian Asset Management LLC boosted its position in shares of Barclays by 1,362.1% in the 2nd quarter. Acadian Asset Management LLC now owns 19,682,115 shares of the financial services provider’s stock worth $210,762,000 after purchasing an additional 18,335,937 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Barclays by 4.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,358,375 shares of the financial services provider’s stock worth $25,258,000 after purchasing an additional 105,857 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Barclays by 231.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock worth $18,306,000 after purchasing an additional 1,621,896 shares during the last quarter. Brandes Investment Partners LP boosted its position in shares of Barclays by 65.9% in the 4th quarter. Brandes Investment Partners LP now owns 1,750,257 shares of the financial services provider’s stock worth $13,792,000 after purchasing an additional 695,502 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Barclays by 6,028.3% in the 1st quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock worth $16,239,000 after purchasing an additional 1,690,339 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BCS shares. Kepler Capital Markets started coverage on Barclays in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, Barclays has a consensus rating of “Moderate Buy”.

Barclays Stock Performance

Shares of Barclays stock opened at $11.74 on Monday. The company has a market capitalization of $43.50 billion, a PE ratio of 8.76, a PEG ratio of 0.63 and a beta of 1.43. Barclays PLC has a 12 month low of $6.23 and a 12 month high of $12.49. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.98. The stock’s fifty day simple moving average is $11.68 and its 200 day simple moving average is $10.68.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. Barclays had a return on equity of 5.94% and a net margin of 16.83%. The business had revenue of $7.98 billion for the quarter. During the same period in the previous year, the business posted $0.43 EPS. On average, research analysts predict that Barclays PLC will post 1.68 EPS for the current year.

Barclays Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 16th will be paid a $0.2684 dividend. This is an increase from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date is Friday, August 16th. This represents a dividend yield of 3.6%. Barclays’s dividend payout ratio (DPR) is currently 21.64%.

Barclays 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.