Redhawk Wealth Advisors Inc. Boosts Stock Holdings in Barclays PLC $BCS

Redhawk Wealth Advisors Inc. boosted its position in Barclays PLC (NYSE:BCS) by 70.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,961 shares of the financial services provider’s stock after buying an additional 51,679 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Barclays were worth $3,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of Barclays by 13.2% during the 2nd quarter. Fisher Asset Management LLC now owns 83,062,892 shares of the financial services provider’s stock worth $1,544,139,000 after acquiring an additional 9,692,999 shares during the period. Ameriprise Financial Inc. raised its stake in Barclays by 793.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock valued at $99,073,000 after acquiring an additional 4,242,360 shares during the period. Norges Bank bought a new stake in Barclays in the 2nd quarter valued at about $63,206,000. 1832 Asset Management L.P. purchased a new stake in Barclays during the second quarter valued at about $57,568,000. Finally, JPMorgan Chase & Co. boosted its position in Barclays by 1,719.7% during the second quarter. JPMorgan Chase & Co. now owns 2,031,480 shares of the financial services provider’s stock worth $37,765,000 after purchasing an additional 1,919,843 shares during the period. 3.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BCS has been the subject of several recent research reports. Erste Group Bank reissued a “hold” rating on shares of Barclays in a research report on Thursday, March 5th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a report on Wednesday, February 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Finally, Zacks Research lowered Barclays from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Barclays Trading Down 2.1%

Shares of Barclays stock opened at $20.24 on Friday. The company’s 50-day moving average price is $24.23 and its 200-day moving average price is $23.07. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.45. Barclays PLC has a 12-month low of $12.14 and a 12-month high of $27.70. The company has a market cap of $69.78 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.39 and a beta of 0.95.

Barclays (NYSE:BCS) last issued 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. Barclays had a net margin of 21.91% and a return on equity of 8.33%. The company had revenue of $9.53 billion during the quarter, compared to analysts’ expectations of $9.23 billion. On average, equities analysts expect that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, March 31st. Stockholders 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 dividend yield of 236.0%. Barclays’s dividend payout ratio is presently 25.33%.

About Barclays

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.