Connor Clark & Lunn Investment Management Ltd. Raises Position in Barclays PLC $BCS

Key Points

• Connor Clark & Lunn increased its stake in Barclays by 249.8% in Q3 to 1,876,248 shares, worth about $38.8 million (roughly 0.05% of the company).
• Barclays beat quarterly expectations with EPS of $0.46 versus $0.42 and revenue of $9.53 billion versus $9.23 billion, and the stock carries a consensus rating of "Moderate Buy" from analysts.
• The company declared a dividend of $0.3069 per share, payable March 31 with an ex-dividend/record date of February 20.

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Barclays PLC (NYSE:BCS - Free Report) by 249.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,876,248 shares of the financial services provider's stock after acquiring an additional 1,339,805 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of Barclays worth $38,782,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Barclays during the second quarter valued at approximately $27,000. Mather Group LLC. bought a new position in Barclays in the third quarter worth $30,000. Salomon & Ludwin LLC lifted its position in Barclays by 2,673.6% during the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider's stock valued at $31,000 after buying an additional 1,417 shares during the period. True Wealth Design LLC purchased a new position in Barclays during the third quarter valued at $31,000. Finally, First Horizon Corp bought a new stake in shares of Barclays during the 3rd quarter valued at $40,000. Institutional investors own 3.39% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Barclays in a research report on Tuesday, December 23rd. Citigroup reissued a "neutral" rating on shares of Barclays in a research note on Thursday, January 22nd. Erste Group Bank restated a "hold" rating on shares of Barclays in a report on Thursday, March 5th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a research note on Friday, February 13th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Barclays in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Barclays Stock Performance

Shares of Barclays stock opened at $20.89 on Friday. Barclays PLC has a 1 year low of $12.14 and a 1 year high of $27.70. The firm's 50-day moving average is $25.40 and its 200 day moving average is $23.00. The stock has a market cap of $72.16 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.42 and a beta of 0.95. The company has a debt-to-equity ratio of 5.45, a current ratio of 1.39 and a quick ratio of 1.39.

Barclays (NYSE:BCS - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. The business had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.23 billion. Barclays had a net margin of 21.91% and a return on equity of 8.33%. Sell-side analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 20th will be issued a $0.3069 dividend. This represents a yield of 236.0%. The ex-dividend date is Friday, February 20th. Barclays's payout ratio is presently 26.20%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.