Sequoia Financial Advisors LLC sells 1,375 shares of Barclays PLC (NYSE:BCS)


Sequoia Financial Advisors LLC cut its holdings in Barclays PLC (NYSE:BCS) by 6.4% in the fourth quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The company owned 20,168 shares of the financial services provider, after selling 1,375 shares during the quarter. Sequoia Financial Advisors LLC’s stake in Barclays was worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other major investors have also recently made changes to their positions in the company. Morgan Stanley increased its stake in Barclays shares by 7.7% in the third quarter. Morgan Stanley now owns 10,244,335 shares of the financial services provider’s stock worth $79,803,000 after purchasing an additional 731,202 shares in the last quarter. Lazard Asset Management LLC increased its position in Barclays by 5.1% in the first quarter. Lazard Asset Management LLC now owns 8,520,967 shares of the financial services provider’s stock worth $67,315,000 after acquiring an additional 412,160 shares during the period. Goldman Sachs Group Inc. increased its stake in Barclays by 22.5% in the second quarter. Goldman Sachs Group Inc. now owns 6,555,297 shares of the financial services company valued at $51,525,000 after acquiring an additional 1,206,068 shares in the last quarter. Northern Trust Corp increased its position in shares of Barclays by 5.0% during the third quarter. Northern Trust Corp now owns 4,407,427 shares of the financial services provider’s stock valued at $34,334,000 after acquiring an additional 210,982 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Barclays by 33,931.2% during the first quarter. Jane Street Group LLC now owns 4,253,901 shares of the financial services provider’s stock worth $30,586,000 after purchasing an additional 4,241,401 shares in the last quarter. 3.39% of the shares are held by hedge funds and other institutional investors.

Barclays shares rise 1.2%

BCS stock opened at $9.35 on Friday. The stock has a fifty-day moving average of $8.89 and a 200-day moving average of $7.88. Barclays PLC has a fifty-two week low of $6.23 and a fifty-two week high of $9.98. The company has a market cap of $35.45 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 0.35, and a beta of 1.48. The company has a debt-to-equity ratio of 5.63, a quick ratio of 1.34 and a current ratio of 1.34.

Barclays (NYSE:BCS – Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The financial services provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.39). The company had revenue of $6.95 billion for the quarter, compared to analyst expectations of $7.38 billion. Barclays had a net margin of 16.82% and a return on equity of 6.09%. As a group, equity analysts predict that Barclays PLC will post earnings per share of 1.58 for the current year.

Barclays increases dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 3. Investors of record on Friday, March 1st received a dividend of $0.2671. The ex-dividend date of this dividend was Thursday, February 29. This is an increase from Barclays’ previous half-yearly dividend of $0.14. This amounts to a return of 4.6%. Barclays’ dividend payout ratio (DPR) is 37.96%.

Wall Street analysts weigh in

Additionally, StockNews.com downgraded Barclays from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Barclays has a consensus rating of “Hold” and a consensus price target of $190.00.

Get our latest report on BCS

Barclays profile

(Free report)

Barclays PLC provides a range of financial services in the UK, Europe, Americas, Africa, the Middle East and Asia. The company operates through its Barclays UK and Barclays International divisional segments. It offers financial services such as retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services.

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Quarterly Institutional Ownership for Barclays (NYSE:BCS)



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