Barclays PLC $BCS Shares Sold by Causeway Capital Management LLC

Key Points

• Causeway Capital Management reduced its Barclays stake by 6.7%, selling 311,229 shares and finishing the quarter with 4,352,949 shares (about $89.98M), roughly 0.12% of Barclays and the firm's 14th-largest holding.
• Barclays announced a dividend of $0.3069 payable March 31 to shareholders of record February 20 (ex-dividend February 20); the article reports this as a 236.0% dividend yield.
• Barclays reported quarterly EPS of $0.46, beating the $0.42 consensus, and analysts expect roughly 2 EPS for the current year.

Causeway Capital Management LLC lowered its position in shares of Barclays PLC (NYSE:BCS) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,352,949 shares of the financial services provider's stock after selling 311,229 shares during the quarter. Barclays makes up approximately 1.2% of Causeway Capital Management LLC's holdings, making the stock its 14th biggest holding. Causeway Capital Management LLC owned approximately 0.12% of Barclays worth $89,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BCS. Oppenheimer & Co. Inc. lifted its stake in shares of Barclays by 1.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 42,600 shares of the financial services provider's stock worth $881,000 after purchasing an additional 482 shares during the period. Parallel Advisors LLC increased its stake in Barclays by 3.0% in the third quarter. Parallel Advisors LLC now owns 19,183 shares of the financial services provider's stock valued at $397,000 after purchasing an additional 563 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Barclays by 4.4% during the third quarter. Ashton Thomas Private Wealth LLC now owns 16,158 shares of the financial services provider's stock worth $334,000 after buying an additional 685 shares during the period. Prospera Financial Services Inc lifted its position in Barclays by 3.4% during the second quarter. Prospera Financial Services Inc now owns 21,526 shares of the financial services provider's stock worth $400,000 after buying an additional 699 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in Barclays by 13.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,425 shares of the financial services provider's stock worth $119,000 after buying an additional 751 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Stock Performance

NYSE BCS opened at $21.97 on Tuesday. The firm has a market capitalization of $75.89 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.40 and a beta of 0.95. Barclays PLC has a 1-year low of $12.14 and a 1-year high of $27.70. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.39 and a quick ratio of 1.39. The business's 50-day simple moving average is $25.62 and its 200-day simple moving average is $23.00.

Barclays (NYSE:BCS - Get Free Report) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. Barclays had a net margin of 21.91% and a return on equity of 8.33%. The firm had revenue of $72.64 million during the quarter, compared to the consensus estimate of $9.23 billion. Equities analysts predict that Barclays PLC will post 2 EPS for the current year.

Barclays Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th will be paid a $0.3069 dividend. This represents a dividend yield of 236.0%. The ex-dividend date of this dividend is Friday, February 20th. Barclays's dividend payout ratio (DPR) is currently 26.20%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup reaffirmed a "neutral" rating on shares of Barclays in a research note on Thursday, January 22nd. Royal Bank Of Canada restated an "outperform" rating on shares of Barclays in a report on Friday, February 13th. Zacks Research raised shares of Barclays from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. Erste Group Bank reiterated a "hold" rating on shares of Barclays in a report on Thursday, March 5th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Barclays in a research note on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Barclays Company Profile

Barclays PLC NYSE: BCS is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.

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