SVB Wealth LLC Invests $327,000 in Barclays PLC (NYSE:BCS)

SVB Wealth LLC bought a new stake in Barclays PLC (NYSE:BCS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 24,600 shares of the financial services provider’s stock, valued at approximately $327,000.

A number of 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 in the 4th quarter valued at about $26,000. Activest Wealth Management acquired a new position in Barclays during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC purchased a new stake in Barclays during the fourth quarter worth approximately $38,000. Versant Capital Management Inc acquired a new stake in shares of Barclays in the fourth quarter worth $44,000. Finally, Global Retirement Partners LLC raised its stake in shares of Barclays by 290.8% in the 4th quarter. Global Retirement Partners LLC now owns 6,413 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 4,772 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BCS. StockNews.com cut shares of Barclays from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. BNP Paribas raised Barclays from a “neutral” rating to an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Barclays Price Performance

Shares of BCS stock opened at $16.21 on Thursday. The firm has a fifty day simple moving average of $14.49 and a 200-day simple moving average of $13.27. The company has a market capitalization of $58.43 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.39 and a beta of 1.41. Barclays PLC has a twelve month low of $8.77 and a twelve month high of $16.27. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.33.

Barclays (NYSE:BCS) last announced its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.2737 per share. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Barclays’s previous semi-annual dividend of $0.27. This represents a yield of 2.7%. Barclays’s payout ratio is currently 28.80%.

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.