Oppenheimer Asset Management Inc. Sells 11,808 Shares of Barclays PLC (NYSE:BCS)

Oppenheimer Asset Management Inc. lowered its stake in Barclays PLC (NYSE:BCS) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 334,897 shares of the financial services provider’s stock after selling 11,808 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Barclays were worth $4,451,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BCS. Brooklyn Investment Group acquired a new stake in Barclays in the fourth quarter worth $26,000. Activest Wealth Management bought a new position in shares of Barclays during the 4th quarter worth about $33,000. Sierra Ocean LLC acquired a new stake in shares of Barclays in the 4th quarter valued at about $38,000. Versant Capital Management Inc bought a new stake in Barclays in the 4th quarter valued at about $44,000. Finally, Global Retirement Partners LLC raised its stake in Barclays by 290.8% during the 4th quarter. Global Retirement Partners LLC now owns 6,413 shares of the financial services provider’s stock worth $85,000 after buying an additional 4,772 shares during the period. Institutional investors own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Barclays from a “buy” rating to a “hold” rating in a research note on Thursday.

Barclays Stock Up 1.1 %

Barclays stock opened at $15.87 on Friday. The firm has a market capitalization of $57.20 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.39 and a beta of 1.41. The firm’s fifty day moving average price is $14.34 and its two-hundred day moving average price is $13.19. Barclays PLC has a 1-year low of $8.37 and a 1-year high of $16.02. 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 (NYSE:BCS) last announced its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share 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%. On average, equities research analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Friday, February 28th will be issued a dividend of $0.2737 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 2.7%. This is an increase from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio is 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.