Barclays PLC $BCS Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in Barclays PLC by 9.1% during the second quarter, owning 588,767 shares worth approximately $10,945,000.
• Barclays reported a quarterly earnings per share (EPS) of $0.62, surpassing estimates of $0.50, and recorded a revenue of $9.58 billion compared to an expected $7.06 billion.
• The company recently declared a semi-annual dividend of $0.1557, yielding 210.0%, with a dividend payout ratio of 14.75%.

QRG Capital Management Inc. increased its holdings in shares of Barclays PLC (NYSE:BCS - Free Report) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 588,767 shares of the financial services provider's stock after purchasing an additional 49,176 shares during the period. QRG Capital Management Inc.'s holdings in Barclays were worth $10,945,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Fifth Third Bancorp boosted its stake in Barclays by 1.1% during the 2nd quarter. Fifth Third Bancorp now owns 56,035 shares of the financial services provider's stock worth $1,042,000 after purchasing an additional 599 shares during the period. Ballentine Partners LLC boosted its stake in Barclays by 2.2% during the 1st quarter. Ballentine Partners LLC now owns 31,547 shares of the financial services provider's stock worth $485,000 after purchasing an additional 668 shares during the period. RNC Capital Management LLC boosted its stake in Barclays by 2.3% during the 1st quarter. RNC Capital Management LLC now owns 32,670 shares of the financial services provider's stock worth $502,000 after purchasing an additional 735 shares during the period. D Orazio & Associates Inc. boosted its stake in Barclays by 2.1% during the 1st quarter. D Orazio & Associates Inc. now owns 36,873 shares of the financial services provider's stock worth $566,000 after purchasing an additional 759 shares during the period. Finally, Baron Wealth Management LLC boosted its stake in Barclays by 2.8% during the 2nd quarter. Baron Wealth Management LLC now owns 32,937 shares of the financial services provider's stock worth $612,000 after purchasing an additional 888 shares during the period. Institutional investors and hedge funds own 3.39% of the company's stock.

Barclays Stock Performance

Shares of BCS opened at $20.98 on Friday. The company has a 50-day simple moving average of $20.24 and a 200-day simple moving average of $18.03. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70. The company has a market capitalization of $73.70 billion, a PE ratio of 9.67, a P/E/G ratio of 0.43 and a beta of 1.10. Barclays PLC has a 52-week low of $11.94 and a 52-week high of $21.22.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. Equities research analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

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

Analyst Ratings Changes

BCS has been the subject of a number of analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Zacks Research upgraded shares of Barclays from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Morgan Stanley restated an "overweight" rating on shares of Barclays in a research report on Tuesday, September 2nd. Finally, Wall Street Zen downgraded shares of Barclays from a "buy" rating to a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Barclays presently has a consensus rating of "Buy".

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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