Sage Rhino Capital LLC Sells 912 Shares of Barclays PLC (NYSE:BCS)

Sage Rhino Capital LLC decreased its position in Barclays PLC (NYSE:BCS) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,604 shares of the financial services provider’s stock after selling 912 shares during the quarter. Sage Rhino Capital LLC’s holdings in Barclays were worth $221,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Barclays in the 4th quarter worth approximately $26,000. Activest Wealth Management acquired a new stake in Barclays in the 4th quarter worth approximately $33,000. Sierra Ocean LLC acquired a new stake in Barclays in the 4th quarter worth approximately $38,000. Versant Capital Management Inc acquired a new stake in Barclays in the 4th quarter worth approximately $44,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Barclays in the 4th quarter worth approximately $71,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Barclays from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

Barclays Price Performance

Shares of BCS stock opened at $15.84 on Tuesday. Barclays PLC has a 12 month low of $8.63 and a 12 month high of $16.23. The firm has a market cap of $57.11 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.39 and a beta of 1.41. The stock has a 50 day moving average of $14.39 and a 200-day moving average of $13.23. 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 (NYSE:BCS) last issued its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. On average, equities analysts predict that Barclays PLC will post 2 EPS for the current year.

Barclays Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Friday, February 28th will be paid a $0.2737 dividend. This represents a dividend yield of 2.7%. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend is Friday, February 28th. Barclays’s dividend payout ratio is presently 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.