Allspring Global Investments Holdings LLC Sells 19,725 Shares of Barclays PLC $BCS

Key Points

• Allspring Global Investments sold 19,725 shares of Barclays PLC, reducing its stake by 2.5% to a total of 765,254 shares, valued at approximately $14.03 million.
• Several institutional investors have recently either added to or reduced their stakes in Barclays, with a total of 3.39% of the stock owned by institutional investors.
• Analysts have mixed ratings for Barclays, with Morgan Stanley rating it "overweight", while Citigroup has downgraded it from "buy" to "neutral"; overall, the consensus rating remains a "Buy".

Allspring Global Investments Holdings LLC trimmed its stake in shares of Barclays PLC (NYSE:BCS - Free Report) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 765,254 shares of the financial services provider's stock after selling 19,725 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Barclays were worth $14,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCS. Elequin Capital LP bought a new position in Barclays during the first quarter worth $30,000. Wealthquest Corp bought a new stake in shares of Barclays in the first quarter valued at about $32,000. Zions Bancorporation National Association UT bought a new stake in shares of Barclays in the first quarter valued at about $40,000. WPG Advisers LLC bought a new stake in shares of Barclays in the first quarter valued at about $40,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Barclays in the first quarter valued at about $46,000. 3.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BCS. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a research report on Monday, October 6th. Zacks Research raised shares of Barclays from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. Citigroup cut shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Wall Street Zen cut shares of Barclays from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Barclays in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy".

Barclays Stock Performance

NYSE:BCS opened at $19.38 on Friday. The stock has a market cap of $67.76 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 0.42 and a beta of 1.10. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70. The stock's 50-day moving average is $20.34 and its 200-day moving average is $18.31. Barclays PLC has a 1-year low of $12.14 and a 1-year high of $21.22.

Barclays (NYSE:BCS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. The company had revenue of $9.58 billion for the quarter, compared to analysts' expectations of $7.06 billion. Barclays had a return on equity of 8.49% and a net margin of 22.11%. Equities research analysts anticipate that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were issued a dividend of $0.1557 per share. This represents a dividend yield of 210.0%. The ex-dividend date was Friday, August 8th. Barclays's payout ratio is 14.75%.

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.

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