Blueshift Asset Management LLC Purchases Shares of 18,590 Barclays PLC (NYSE:BCS)

Blueshift Asset Management LLC purchased a new stake in Barclays PLC (NYSE:BCS) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 18,590 shares of the financial services provider’s stock, valued at approximately $147,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tcwp LLC purchased a new position in Barclays in the 1st quarter valued at approximately $31,000. CWM LLC boosted its position in Barclays by 72.4% in the 1st quarter. CWM LLC now owns 4,058 shares of the financial services provider’s stock valued at $32,000 after buying an additional 1,704 shares during the period. WD Rutherford LLC purchased a new position in Barclays in the 1st quarter valued at approximately $39,000. UMB Bank N A MO purchased a new position in Barclays in the 4th quarter valued at approximately $57,000. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in shares of Barclays during the 1st quarter worth $81,000. Hedge funds and other institutional investors own 3.47% of the company’s stock.

Barclays Price Performance

Shares of NYSE:BCS opened at $7.72 on Friday. The company’s fifty day moving average price is $7.79 and its 200 day moving average price is $8.19. Barclays PLC has a 12 month low of $6.88 and a 12 month high of $12.20. The company has a debt-to-equity ratio of 5.42, a current ratio of 1.40 and a quick ratio of 1.39. The firm has a market capitalization of $32.27 billion, a P/E ratio of 5.05, a P/E/G ratio of 0.15 and a beta of 1.32.

Barclays Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 12th will be paid a $0.2094 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a yield of 4%. Barclays’s dividend payout ratio is presently 13.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BCS shares. Keefe, Bruyette & Woods raised shares of Barclays from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 19th. StockNews.com cut shares of Barclays from a “buy” rating to a “hold” rating in a research report on Friday. Credit Suisse Group decreased their price objective on shares of Barclays from GBX 245 ($2.96) to GBX 240 ($2.90) and set an “outperform” rating for the company in a research report on Monday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Barclays from GBX 210 ($2.54) to GBX 230 ($2.78) and gave the stock a “hold” rating in a research report on Monday, August 1st. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $227.14.

About Barclays

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

Further Reading

Want to see what other hedge funds are holding BCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barclays PLC (NYSE:BCSGet Rating).

Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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