Wealth Alliance Invests $149,000 in Barclays PLC (NYSE:BCS)

Wealth Alliance purchased a new stake in Barclays PLC (NYSE:BCS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,241 shares of the financial services provider’s stock, valued at approximately $149,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BCS. Ieq Capital LLC raised its stake in shares of Barclays by 5.5% in the fourth quarter. Ieq Capital LLC now owns 22,743 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 1,185 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Barclays by 17.0% in the fourth quarter. Private Advisor Group LLC now owns 41,161 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 5,991 shares in the last quarter. Global Retirement Partners LLC raised its position in Barclays by 290.8% in the 4th quarter. Global Retirement Partners LLC now owns 6,413 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 4,772 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Barclays by 4.2% during the 4th quarter. New York State Common Retirement Fund now owns 1,116,740 shares of the financial services provider’s stock worth $14,841,000 after buying an additional 45,073 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Barclays by 15.9% in the 4th quarter. Truist Financial Corp now owns 33,505 shares of the financial services provider’s stock valued at $445,000 after buying an additional 4,596 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Barclays from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th.

Barclays Stock Down 0.0 %

Shares of NYSE:BCS opened at $15.17 on Friday. The company has a 50 day moving average of $14.10 and a 200-day moving average of $13.03. Barclays PLC has a one year low of $8.32 and a one year high of $15.65. The stock has a market cap of $54.68 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 0.39 and a beta of 1.41. 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 released its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. Barclays had a net margin of 20.81% and a return on equity of 7.74%. On average, sell-side analysts forecast that Barclays PLC will post 2 earnings per share for the current year.

Barclays Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, February 28th will be paid a $0.2737 dividend. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date is Friday, February 28th. This represents a yield of 2.7%. Barclays’s dividend payout ratio is presently 16.30%.

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.