Lake Street Advisors Group LLC Grows Stake in Barclays PLC (NYSE:BCS)

Lake Street Advisors Group LLC grew its holdings in shares of Barclays PLC (NYSE:BCS) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,500 shares of the financial services provider’s stock after buying an additional 880 shares during the period. Lake Street Advisors Group LLC’s holdings in Barclays were worth $538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BCS. Brooklyn Investment Group purchased a new position in Barclays during the 4th quarter valued at $26,000. Activest Wealth Management bought a new stake in shares of Barclays during the 4th quarter valued at about $33,000. Sierra Ocean LLC bought a new position in Barclays in the fourth quarter worth about $38,000. Versant Capital Management Inc purchased a new stake in Barclays in the fourth quarter worth about $44,000. Finally, Global Retirement Partners LLC boosted its position in Barclays by 290.8% during the 4th quarter. Global Retirement Partners LLC now owns 6,413 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 4,772 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Barclays from a “buy” rating to a “hold” rating in a research note on Thursday.

Barclays Stock Down 0.5 %

NYSE:BCS opened at $15.70 on Friday. Barclays PLC has a 1-year low of $8.37 and a 1-year high of $16.02. The company has a debt-to-equity ratio of 5.33, a current ratio of 1.29 and a quick ratio of 1.29. The firm’s 50-day moving average price is $14.28 and its 200-day moving average price is $13.14. The company has a market capitalization of $56.59 billion, a PE ratio of 8.53, a P/E/G ratio of 0.39 and a beta of 1.40.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. On average, equities analysts predict that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Friday, February 28th will be paid a $0.2737 dividend. This is a boost from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date is Friday, February 28th. This represents a yield of 2.7%. Barclays’s payout ratio is presently 28.80%.

Barclays Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.