Twin Tree Management LP Raises Stock Position in Barclays PLC (NYSE:BCS)

Twin Tree Management LP raised its stake in shares of Barclays PLC (NYSE:BCS - Free Report) by 34.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 297,705 shares of the financial services provider's stock after acquiring an additional 76,415 shares during the period. Twin Tree Management LP's holdings in Barclays were worth $3,956,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BCS. Apollon Wealth Management LLC boosted its holdings in shares of Barclays by 10.0% in the third quarter. Apollon Wealth Management LLC now owns 11,826 shares of the financial services provider's stock worth $144,000 after buying an additional 1,075 shares during the last quarter. Claro Advisors LLC boosted its position in shares of Barclays by 180.6% during the third quarter. Claro Advisors LLC now owns 31,648 shares of the financial services provider's stock worth $385,000 after acquiring an additional 20,371 shares during the last quarter. Baron Wealth Management LLC boosted its holdings in shares of Barclays by 56.8% during the 3rd quarter. Baron Wealth Management LLC now owns 16,743 shares of the financial services provider's stock valued at $203,000 after purchasing an additional 6,062 shares during the last quarter. Wrapmanager Inc. purchased a new position in Barclays during the 3rd quarter valued at approximately $181,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Barclays by 1.2% in the third quarter. PNC Financial Services Group Inc. now owns 113,381 shares of the financial services provider's stock valued at $1,378,000 after purchasing an additional 1,344 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently commented on BCS. BNP Paribas upgraded Barclays from a "neutral" rating to an "outperform" rating in a research report on Tuesday, March 4th. StockNews.com downgraded shares of Barclays from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Barclays Stock Down 1.3 %

BCS stock traded down $0.22 during trading on Friday, hitting $15.76. 14,020,546 shares of the company's stock traded hands, compared to its average volume of 14,605,951. The firm has a market capitalization of $56.65 billion, a P/E ratio of 8.56, a PEG ratio of 0.39 and a beta of 1.38. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.33. Barclays PLC has a 1 year low of $8.95 and a 1 year high of $16.33. The business has a fifty day simple moving average of $15.06 and a two-hundred day simple moving average of $13.56.

Barclays (NYSE:BCS - Get Free Report) last posted its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.15. Barclays had a net margin of 20.81% and a return on equity of 7.74%. Sell-side analysts anticipate that Barclays PLC will post 2 EPS for the current 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 given a dividend of $0.2737 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Barclays's previous semi-annual dividend of $0.27. Barclays's payout ratio is currently 28.80%.

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.