Invesco Ltd. reduced its position in Barclays PLC (NYSE:BCS - Free Report) by 63.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,773 shares of the financial services provider's stock after selling 18,371 shares during the period. Invesco Ltd.'s holdings in Barclays were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in Barclays by 667.4% in the 4th quarter. Bank of Montreal Can now owns 3,603,127 shares of the financial services provider's stock valued at $47,886,000 after acquiring an additional 3,133,632 shares during the period. Quadrant Capital Group LLC lifted its holdings in Barclays by 7.0% during the fourth quarter. Quadrant Capital Group LLC now owns 30,166 shares of the financial services provider's stock valued at $401,000 after purchasing an additional 1,961 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Barclays by 5.7% in the fourth quarter. Russell Investments Group Ltd. now owns 182,404 shares of the financial services provider's stock valued at $2,424,000 after purchasing an additional 9,911 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Barclays by 14.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,063,126 shares of the financial services provider's stock worth $40,709,000 after purchasing an additional 391,899 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Barclays in the 4th quarter valued at about $370,000. 3.39% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
BCS has been the subject of several research reports. BNP Paribas upgraded Barclays from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 4th. StockNews.com lowered Barclays from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy".
Read Our Latest Stock Analysis on Barclays
Barclays Stock Up 0.8 %
BCS stock opened at $16.37 on Tuesday. The company has a market cap of $58.65 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.39 and a beta of 1.10. The firm has a 50-day moving average of $15.21 and a two-hundred day moving average of $14.24. Barclays PLC has a 12 month low of $10.17 and a 12 month high of $16.57. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.04. The firm had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $8.37 billion. Barclays had a return on equity of 7.74% and a net margin of 20.81%. As a group, analysts forecast that Barclays PLC will post 2 earnings per share for the current fiscal year.
Barclays Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, February 28th were given a dividend of $0.2737 per share. This represents a dividend yield of 2.7%. The ex-dividend date was Friday, February 28th. This is a positive change from Barclays's previous semi-annual dividend of $0.27. Barclays's payout ratio is presently 27.92%.
Barclays Company Profile
(
Free Report)
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.
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