Charles Schwab Investment Management Inc. increased its stake in Barclays PLC (NYSE:BCS - Free Report) by 14.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,328 shares of the financial services provider's stock after buying an additional 43,607 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Barclays were worth $5,412,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC increased its stake in shares of Barclays by 78.7% during the first quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider's stock valued at $136,593,000 after purchasing an additional 3,917,785 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Barclays by 485.0% during the fourth quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider's stock valued at $88,789,000 after purchasing an additional 5,538,912 shares in the last quarter. Northern Trust Corp increased its stake in shares of Barclays by 20.5% during the fourth quarter. Northern Trust Corp now owns 6,059,544 shares of the financial services provider's stock valued at $80,531,000 after purchasing an additional 1,029,401 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Barclays during the fourth quarter valued at approximately $50,189,000. Finally, Duquesne Family Office LLC increased its stake in shares of Barclays by 58.7% during the fourth quarter. Duquesne Family Office LLC now owns 3,186,855 shares of the financial services provider's stock valued at $42,353,000 after purchasing an additional 1,179,100 shares in the last quarter. 3.39% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have weighed in on BCS. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Wall Street Zen cut shares of Barclays from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".
View Our Latest Report on Barclays
Barclays Stock Performance
BCS stock traded down $0.40 on Monday, hitting $19.64. The company had a trading volume of 8,558,544 shares, compared to its average volume of 10,665,398. Barclays PLC has a 12-month low of $11.22 and a 12-month high of $20.58. 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 simple moving average is $19.29 and its 200 day simple moving average is $17.18. The stock has a market cap of $69.32 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.47 and a beta of 1.14.
Barclays (NYSE:BCS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. Barclays had a net margin of 22.11% and a return on equity of 8.49%. The company had revenue of $9.58 billion for the quarter, compared to analysts' expectations of $7.06 billion. As a group, equities research analysts expect that Barclays PLC will post 2 earnings per share for the current fiscal year.
Barclays Cuts Dividend
The business also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be issued a $0.1557 dividend. The ex-dividend date is Friday, August 8th. This represents a yield of 210.0%. Barclays's dividend payout ratio (DPR) is currently 14.29%.
About Barclays
(
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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