HighTower Advisors LLC Has $10.42 Million Stake in Barclays PLC $BCS

HighTower Advisors LLC raised its stake in Barclays PLC (NYSE:BCS) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 504,191 shares of the financial services provider’s stock after purchasing an additional 45,882 shares during the quarter. HighTower Advisors LLC’s holdings in Barclays were worth $10,422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BCS. NewEdge Advisors LLC raised its position in Barclays by 72.8% in the 1st quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider’s stock valued at $723,000 after buying an additional 19,818 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Barclays by 19.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 3,868 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Barclays by 3.4% in the second quarter. Bleakley Financial Group LLC now owns 19,389 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 634 shares during the last quarter. R Squared Ltd bought a new position in shares of Barclays during the second quarter valued at about $418,000. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in Barclays by 5.0% during the second quarter. Ashton Thomas Private Wealth LLC now owns 15,473 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research report on Wednesday, February 11th. Zacks Research raised Barclays from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Friday, February 13th. Finally, Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Barclays currently has a consensus rating of “Buy”.

Barclays Stock Up 0.2%

Shares of NYSE BCS opened at $25.97 on Friday. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $89.71 billion, a PE ratio of 11.34, a P/E/G ratio of 0.48 and a beta of 0.96. Barclays PLC has a one year low of $12.14 and a one year high of $27.70. The business’s fifty day moving average price is $25.90 and its 200-day moving average price is $22.70.

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

Barclays Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 20th will be issued a $0.3069 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a yield of 236.0%. Barclays’s dividend payout ratio (DPR) is 25.76%.

Barclays Company 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.