Main Street Research LLC Takes $35.04 Million Position in Barclays PLC $BCS

Main Street Research LLC purchased a new position in Barclays PLC (NYSE:BCS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,694,985 shares of the financial services provider’s stock, valued at approximately $35,035,000. Barclays makes up about 1.9% of Main Street Research LLC’s portfolio, making the stock its 25th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. Illumine Investment Management LLC purchased a new stake in shares of Barclays during the third quarter worth about $2,195,000. Todd Asset Management LLC lifted its stake in Barclays by 4.0% in the 3rd quarter. Todd Asset Management LLC now owns 3,516,095 shares of the financial services provider’s stock valued at $72,678,000 after buying an additional 134,560 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Barclays by 10.4% in the 3rd quarter. New York State Common Retirement Fund now owns 1,830,351 shares of the financial services provider’s stock worth $37,833,000 after buying an additional 172,944 shares during the last quarter. Cibc World Market Inc. increased its stake in Barclays by 226.9% during the 3rd quarter. Cibc World Market Inc. now owns 262,678 shares of the financial services provider’s stock worth $5,430,000 after buying an additional 182,318 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Barclays by 39.5% during the 3rd quarter. Voya Investment Management LLC now owns 146,796 shares of the financial services provider’s stock worth $3,034,000 after buying an additional 41,585 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BCS has been the topic of several research reports. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, January 22nd. Erste Group Bank reissued a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a report on Wednesday, February 11th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research note on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Barclays Price Performance

BCS stock opened at $20.44 on Friday. Barclays PLC has a 1 year low of $12.14 and a 1 year high of $27.70. 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 firm has a market capitalization of $70.48 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 0.39 and a beta of 0.95. The business has a 50 day simple moving average of $25.28 and a 200-day simple moving average of $23.00.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.23 billion. Barclays had a return on equity of 8.33% and a net margin of 21.91%. Equities research analysts anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th will be issued 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 payout ratio is currently 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.