Twin Tree Management LP Purchases 76,415 Shares of Barclays PLC (NYSE:BCS)

Twin Tree Management LP raised its position in shares of Barclays PLC (NYSE:BCS) by 34.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 297,705 shares of the financial services provider’s stock after acquiring an additional 76,415 shares during the period. Twin Tree Management LP’s holdings in Barclays were worth $3,956,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BCS. Raymond James Financial Inc. acquired a new stake in shares of Barclays in the fourth quarter valued at approximately $59,373,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Barclays in the third quarter valued at approximately $52,335,000. ABC Arbitrage SA acquired a new position in Barclays during the fourth quarter valued at approximately $21,514,000. Natixis Advisors LLC raised its position in Barclays by 39.5% during the fourth quarter. Natixis Advisors LLC now owns 4,974,981 shares of the financial services provider’s stock valued at $66,117,000 after purchasing an additional 1,409,948 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Barclays by 3,073.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider’s stock valued at $9,052,000 after purchasing an additional 667,687 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on BCS shares. StockNews.com downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Barclays presently has an average rating of “Moderate Buy”.

Barclays Stock Up 3.0 %

Shares of NYSE:BCS opened at $16.09 on Wednesday. The company has a fifty day moving average of $14.89 and a 200-day moving average of $13.50. The company has a market capitalization of $57.83 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 0.39 and a beta of 1.38. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29. Barclays PLC has a 52-week low of $8.95 and a 52-week high of $16.33.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.15. Barclays had a net margin of 20.81% and a return on equity of 7.74%. On average, equities analysts predict that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Increases Dividend

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

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.