Capital Wealth Planning LLC Boosts Holdings in Barclays PLC $BCS

Capital Wealth Planning LLC raised its position in shares of Barclays PLC (NYSE:BCS) by 31.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 666,132 shares of the financial services provider’s stock after acquiring an additional 160,195 shares during the period. Capital Wealth Planning LLC’s holdings in Barclays were worth $13,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Eisler Capital Management Ltd. bought a new position in Barclays during the 3rd quarter valued at about $5,175,000. GeoWealth Management LLC lifted its stake in Barclays by 51.1% in the third quarter. GeoWealth Management LLC now owns 143,875 shares of the financial services provider’s stock worth $2,974,000 after purchasing an additional 48,655 shares during the last quarter. Vise Technologies Inc. boosted its position in shares of Barclays by 21.3% during the third quarter. Vise Technologies Inc. now owns 88,255 shares of the financial services provider’s stock valued at $1,824,000 after buying an additional 15,495 shares during the period. Rehmann Capital Advisory Group bought a new position in shares of Barclays during the third quarter valued at approximately $1,173,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Barclays during the third quarter valued at approximately $44,000. Institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Erste Group Bank reissued a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, January 22nd. Zacks Research upgraded Barclays from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Friday, February 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Barclays Price Performance

Shares of BCS opened at $20.44 on Friday. The company has a debt-to-equity ratio of 5.45, a quick ratio of 1.39 and a current ratio of 1.39. The company has a 50 day moving average price of $25.28 and a 200-day moving average price of $23.00. Barclays PLC has a fifty-two week low of $12.14 and a fifty-two week high of $27.70. The stock has a market capitalization of $70.48 billion, a PE ratio of 8.92, 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.23 billion. Barclays had a net margin of 21.91% and a return on equity of 8.33%. Equities analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 20th will be paid a dividend of $0.3069 per share. This represents a dividend yield of 236.0%. The ex-dividend date is Friday, February 20th. Barclays’s dividend payout ratio is 26.20%.

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.