PVG Asset Management Corp Has $1.92 Million Holdings in Barclays PLC $BCS

PVG Asset Management Corp increased its position in shares of Barclays PLC (NYSE:BCS) by 506.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,728 shares of the financial services provider’s stock after buying an additional 75,767 shares during the period. Barclays accounts for 1.4% of PVG Asset Management Corp’s holdings, making the stock its 25th biggest holding. PVG Asset Management Corp’s holdings in Barclays were worth $1,920,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BCS. UMB Bank n.a. grew its holdings in Barclays by 25.6% during the 4th quarter. UMB Bank n.a. now owns 2,186 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 445 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Barclays by 3.5% in the 4th quarter. Arkadios Wealth Advisors now owns 14,886 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 498 shares during the period. Root Financial Partners LLC lifted its stake in shares of Barclays by 13.6% in the 4th quarter. Root Financial Partners LLC now owns 4,315 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 517 shares during the period. Parallel Advisors LLC boosted its position in shares of Barclays by 2.7% during the 4th quarter. Parallel Advisors LLC now owns 19,703 shares of the financial services provider’s stock valued at $501,000 after purchasing an additional 520 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Barclays by 2.6% during the first quarter. Bleakley Financial Group LLC now owns 22,623 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 578 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analysts Set New Price Targets

BCS has been the subject of a number of research analyst reports. Berenberg Bank started coverage on Barclays in a report on Wednesday, June 24th. They issued a “buy” rating for the company. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. BNP Paribas Exane lowered shares of Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Barclays Stock Performance

Shares of Barclays stock opened at $27.49 on Monday. Barclays PLC has a one year low of $18.79 and a one year high of $28.67. The firm has a market capitalization of $93.70 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 0.47 and a beta of 1.00. The business has a 50-day simple moving average of $26.45 and a 200 day simple moving average of $24.74. The company has a debt-to-equity ratio of 5.76, a current ratio of 1.46 and a quick ratio of 1.46.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. Barclays had a return on equity of 8.80% and a net margin of 22.27%.The business had revenue of $10.95 billion for the quarter, compared to analyst estimates of $10.78 billion. On average, research analysts anticipate that Barclays PLC will post 2.85 earnings per share for the current fiscal year.

Barclays Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be issued a $0.3134 dividend. This represents a dividend yield of 233.0%. The ex-dividend date is Friday, August 7th. Barclays’s dividend payout ratio (DPR) is currently 21.64%.

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.