Dimensional Fund Advisors LP Decreases Stock Holdings in Barclays PLC $BCS

Key Points

• Dimensional Fund Advisors LP reduced its stake in Barclays PLC by 15.9% during the first quarter, now owning 9,087,395 shares valued at approximately $139.58 million.
• Several hedge funds recently adjusted their holdings in Barclays, including Bank of America Corp DE, which increased its position by 485.0%, now owning over 6.68 million shares.
• Barclays recently declared a semi-annual dividend of $0.1557 per share, which reflects a dividend yield of **2.10%** as the company continues to maintain a payout ratio of **14.29%**.

Dimensional Fund Advisors LP trimmed its position in Barclays PLC (NYSE:BCS - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,087,395 shares of the financial services provider's stock after selling 1,712,522 shares during the period. Dimensional Fund Advisors LP owned 0.25% of Barclays worth $139,582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in shares of Barclays during the 1st quarter valued at $29,000. Wealthquest Corp bought a new stake in Barclays in the 1st quarter worth $32,000. Zions Bancorporation National Association UT bought a new stake in shares of Barclays during the 1st quarter valued at about $40,000. Wayfinding Financial LLC bought a new stake in shares of Barclays during the 1st quarter valued at about $46,000. Finally, Bessemer Group Inc. boosted its stake in shares of Barclays by 1,539.6% during the 1st quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 4,234 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reaffirmed 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 note on Wednesday, July 16th. Citigroup lowered shares of Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Finally, Wall Street Zen lowered shares of Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Barclays Stock Up 0.1%

Shares of NYSE BCS traded up $0.02 during midday trading on Tuesday, hitting $20.42. The stock had a trading volume of 7,262,898 shares, compared to its average volume of 12,511,711. The business's 50 day moving average is $19.15 and its 200-day moving average is $17.06. The company has a market cap of $72.08 billion, a P/E ratio of 9.41, a PEG ratio of 0.49 and a beta of 1.15. Barclays PLC has a 52 week low of $11.22 and a 52 week high of $20.58. 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 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. The firm had revenue of $9.58 billion for 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%. As a group, analysts predict that Barclays PLC will post 2 EPS for the current year.

Barclays Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be paid a $0.1557 dividend. This represents a dividend yield of 210.0%. The ex-dividend date is Friday, August 8th. Barclays's dividend payout ratio is currently 14.29%.

Barclays Profile

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.