Denali Advisors LLC Purchases New Position in Barclays PLC (NYSE:BCS)

Denali Advisors LLC bought a new position in Barclays PLC (NYSE:BCS) in the fourth quarter, HoldingsChannel.com reports. The fund bought 26,753 shares of the financial services provider’s stock, valued at approximately $356,000.

A number of other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in shares of Barclays during the 4th quarter worth approximately $26,000. Activest Wealth Management acquired a new position in Barclays during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new position in Barclays in the fourth quarter valued at approximately $38,000. Versant Capital Management Inc bought a new position in Barclays in the fourth quarter valued at approximately $44,000. Finally, Global Retirement Partners LLC lifted its stake in Barclays by 290.8% in the fourth quarter. Global Retirement Partners LLC now owns 6,413 shares of the financial services provider’s stock valued at $85,000 after buying an additional 4,772 shares in the last quarter. 3.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Barclays from a “buy” rating to a “hold” rating in a research report on Thursday.

Barclays Trading Down 0.5 %

BCS stock opened at $15.70 on Friday. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50-day simple moving average is $14.28 and its 200 day simple moving average is $13.14. Barclays PLC has a 52 week low of $8.37 and a 52 week high of $16.02. The company has a market capitalization of $56.59 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 0.39 and a beta of 1.40.

Barclays (NYSE:BCS) last released its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. Barclays had a net margin of 20.81% and a return on equity of 7.74%. As a group, sell-side analysts anticipate that Barclays PLC will post 2 earnings per share for the current year.

Barclays Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Friday, February 28th will be given a dividend of $0.2737 per share. 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 dividend payout ratio is currently 28.80%.

About Barclays

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.