17,962 Shares in Barclays PLC (NYSE:BCS) Acquired by GQG Partners LLC

Key Points

• GQG Partners LLC acquired 17,962 shares of Barclays PLC, valued at approximately $276,000, during the first quarter.
• Barclays recently reported earnings of $0.62 per share, surpassing consensus estimates of $0.50, with revenues of $9.58 billion compared to expected $7.06 billion.
• The company is facing mixed analyst ratings, with Morgan Stanley maintaining an "overweight" rating, while Citigroup and Wall Street Zen downgraded the stock to "neutral" and "hold," respectively.

GQG Partners LLC acquired a new position in Barclays PLC (NYSE:BCS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,962 shares of the financial services provider's stock, valued at approximately $276,000.

A number of other institutional investors have also bought and sold shares of BCS. LPL Financial LLC boosted its position in Barclays by 65.5% during the fourth quarter. LPL Financial LLC now owns 163,719 shares of the financial services provider's stock valued at $2,176,000 after acquiring an additional 64,801 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in 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 buying an additional 9,911 shares during the period. Renaissance Technologies LLC lifted its stake in Barclays by 95.7% in the fourth quarter. Renaissance Technologies LLC now owns 882,386 shares of the financial services provider's stock valued at $11,727,000 after buying an additional 431,486 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Barclays by 0.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 202,599 shares of the financial services provider's stock valued at $2,691,000 after buying an additional 1,800 shares during the period. Finally, Townsquare Capital LLC lifted its stake in Barclays by 2.4% in the fourth quarter. Townsquare Capital LLC now owns 64,957 shares of the financial services provider's stock valued at $863,000 after buying an additional 1,497 shares during the period. Institutional investors own 3.39% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on BCS. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Citigroup lowered Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Wall Street Zen lowered Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Barclays Stock Up 1.7%

Shares of NYSE:BCS opened at $20.40 on Wednesday. The company has a market capitalization of $72.02 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.48 and a beta of 1.15. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38. The business has a fifty day moving average price of $18.63 and a two-hundred day moving average price of $16.67. Barclays PLC has a 1 year low of $11.22 and a 1 year high of $20.43.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. Barclays had a return on equity of 8.49% and a net margin of 22.11%. Analysts forecast that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be paid a $0.1557 dividend. This represents a yield of 210.0%. The ex-dividend date is Friday, August 8th. Barclays's dividend payout ratio is 14.29%.

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.

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