Pzena Investment Management LLC Acquires 5,308 Shares of Barclays PLC $BCS

Pzena Investment Management LLC boosted its holdings in Barclays PLC (NYSE:BCS) by 9.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 64,604 shares of the financial services provider’s stock after purchasing an additional 5,308 shares during the period. Pzena Investment Management LLC’s holdings in Barclays were worth $1,201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in BCS. Elequin Capital LP bought a new position in Barclays in the 1st quarter worth approximately $30,000. Wealthquest Corp bought a new position in Barclays in the 1st quarter worth approximately $32,000. Zions Bancorporation National Association UT bought a new stake in shares of Barclays during the first quarter valued at approximately $40,000. WPG Advisers LLC bought a new stake in shares of Barclays during the first quarter valued at approximately $40,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Barclays during the first quarter valued at approximately $46,000. 3.39% of the stock is owned by institutional investors.

Barclays Price Performance

Shares of BCS stock opened at $20.11 on Tuesday. The stock’s fifty day simple moving average is $20.32 and its 200 day simple moving average is $18.22. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market cap of $70.31 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 0.42 and a beta of 1.10. Barclays PLC has a one year low of $12.14 and a one year high of $21.22.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.50 by $0.12. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $7.06 billion. Barclays had a return on equity of 8.49% and a net margin of 22.11%. On average, analysts expect that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were paid a $0.1557 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a yield of 210.0%. Barclays’s payout ratio is currently 14.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BCS. Weiss Ratings restated a “buy (b)” rating on shares of Barclays in a research report on Wednesday, October 8th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Monday, October 6th. Wall Street Zen cut Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Zacks Research upgraded Barclays from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, Citigroup cut Barclays from a “buy” rating to a “neutral” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Barclays presently has an average rating of “Buy”.

Barclays Company 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.