Cookson Peirce & Co. Inc. Increases Stake in Barclays PLC $BCS

Cookson Peirce & Co. Inc. boosted its position in Barclays PLC (NYSE:BCS) by 3.1% during the third quarter, HoldingsChannel reports. The fund owned 844,367 shares of the financial services provider’s stock after buying an additional 25,421 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Barclays were worth $17,453,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BCS. Fisher Asset Management LLC raised its position in shares of Barclays by 13.2% in the second quarter. Fisher Asset Management LLC now owns 83,062,892 shares of the financial services provider’s stock valued at $1,544,139,000 after purchasing an additional 9,692,999 shares during the period. Norges Bank bought a new stake in Barclays during the 2nd quarter valued at $63,206,000. 1832 Asset Management L.P. purchased a new stake in shares of Barclays during the second quarter worth $57,568,000. JPMorgan Chase & Co. boosted its holdings in shares of Barclays by 1,719.7% in the second quarter. JPMorgan Chase & Co. now owns 2,031,480 shares of the financial services provider’s stock worth $37,765,000 after acquiring an additional 1,919,843 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Barclays by 7,013.1% in the second quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock valued at $31,071,000 after purchasing an additional 1,647,872 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Down 2.4%

BCS opened at $25.53 on Friday. The business’s fifty day simple moving average is $25.63 and its 200 day simple moving average is $22.42. Barclays PLC has a 52 week low of $12.14 and a 52 week high of $27.70. The company has a quick ratio of 1.41, a current ratio of 1.39 and a debt-to-equity ratio of 5.45. The stock has a market cap of $88.49 billion, a PE ratio of 11.15, a P/E/G ratio of 0.40 and a beta of 0.96.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $72.64 million for the quarter, compared to analyst estimates of $9.23 billion. Barclays had a return on equity of 8.33% and a net margin of 21.91%. As a group, research analysts expect that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th will be issued a $0.3069 dividend. This represents a dividend yield of 232.0%. The ex-dividend date is Friday, February 20th. Barclays’s payout ratio is presently 13.97%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BCS. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a report on Wednesday. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Barclays in a report on Tuesday, December 23rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Barclays Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.