Raymond James Financial Inc. Purchases New Position in Barclays PLC (NYSE:BCS)

Raymond James Financial Inc. bought a new position in Barclays PLC (NYSE:BCS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,467,525 shares of the financial services provider's stock, valued at approximately $59,373,000. Raymond James Financial Inc. owned about 0.12% of Barclays as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BCS. Assetmark Inc. boosted its stake in shares of Barclays by 1,434.5% during the 4th quarter. Assetmark Inc. now owns 12,706 shares of the financial services provider's stock worth $169,000 after acquiring an additional 11,878 shares in the last quarter. Cookson Peirce & Co. Inc. grew its holdings in Barclays by 1.1% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 897,572 shares of the financial services provider's stock valued at $11,929,000 after purchasing an additional 9,756 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Barclays by 15.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 308,721 shares of the financial services provider's stock worth $4,103,000 after buying an additional 40,437 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Barclays during the 4th quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Barclays by 60.9% during the 4th quarter. Jones Financial Companies Lllp now owns 22,447 shares of the financial services provider's stock valued at $298,000 after buying an additional 8,496 shares in the last quarter. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

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Barclays Price Performance

BCS stock traded up $0.68 during midday trading on Friday, reaching $15.71. The stock had a trading volume of 19,456,271 shares, compared to its average volume of 14,649,558. The company's fifty day simple moving average is $14.74 and its 200 day simple moving average is $13.41. The company has a market cap of $56.62 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 0.39 and a beta of 1.38. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.33. Barclays PLC has a 52-week low of $8.94 and a 52-week high of $16.33.

Barclays (NYSE:BCS - Get Free Report) 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 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 predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, February 28th will be paid a $0.2737 dividend. The ex-dividend date is Friday, February 28th. This is an increase from Barclays's previous semi-annual dividend of $0.27. This represents a dividend yield of 2.7%. Barclays's dividend payout ratio (DPR) is 28.80%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BCS. StockNews.com lowered shares of Barclays from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. BNP Paribas upgraded Barclays from a "neutral" rating to an "outperform" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Barclays has a consensus rating of "Moderate Buy".

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.