Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Barclays PLC (NYSE:BCS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 833,905 shares of the financial services provider's stock, valued at approximately $12,809,000.
Other institutional investors have also recently bought and sold shares of the company. Townsquare Capital LLC boosted its position in shares of Barclays by 4.3% during the first quarter. Townsquare Capital LLC now owns 67,737 shares of the financial services provider's stock worth $1,040,000 after purchasing an additional 2,780 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Barclays during the 1st quarter worth $40,000. National Bank of Canada FI lifted its holdings in Barclays by 0.5% during the first quarter. National Bank of Canada FI now owns 839,533 shares of the financial services provider's stock worth $12,887,000 after acquiring an additional 4,482 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Barclays by 14.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 352,328 shares of the financial services provider's stock valued at $5,412,000 after acquiring an additional 43,607 shares during the period. Finally, Legacy Capital Group California Inc. raised its position in shares of Barclays by 8.0% during the first quarter. Legacy Capital Group California Inc. now owns 16,029 shares of the financial services provider's stock worth $246,000 after purchasing an additional 1,188 shares during the period. Institutional investors and hedge funds own 3.39% of the company's stock.
Analyst Upgrades and Downgrades
BCS has been the subject of a number of research reports. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Wall Street Zen cut shares of Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Citigroup cut Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".
Get Our Latest Analysis on Barclays
Barclays Stock Up 0.1%
BCS traded up $0.03 during trading hours on Wednesday, hitting $20.44. 11,233,784 shares of the company's stock were exchanged, compared to its average volume of 18,245,928. The stock has a market cap of $72.17 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.49 and a beta of 1.15. Barclays PLC has a 1-year low of $11.22 and a 1-year high of $20.52. The stock's 50-day moving average is $18.63 and its two-hundred day moving average is $16.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70.
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 for the quarter, beating the consensus estimate of $0.50 by $0.12. Barclays had a return on equity of 8.49% and a net margin of 22.11%. The company had revenue of $9.58 billion during the quarter, compared to analysts' expectations of $7.06 billion. Sell-side analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.
Barclays Cuts Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be given a $0.1557 dividend. This represents a dividend yield of 210.0%. The ex-dividend date of this dividend is Friday, August 8th. Barclays's dividend payout ratio (DPR) is 14.29%.
Barclays Company Profile
(
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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