Barclays PLC $BCS Shares Sold by Dimensional Fund Advisors LP

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 reduced its stake in shares of Barclays PLC (NYSE:BCS - Free Report) by 15.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,087,395 shares of the financial services provider's stock after selling 1,712,522 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.25% of Barclays worth $139,582,000 as of its most recent SEC filing.

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

Barclays Trading Down 0.0%

NYSE BCS traded down $0.0050 on Monday, reaching $20.4650. 5,226,298 shares of the company were exchanged, compared to its average volume of 17,104,469. The business's fifty day moving average price is $19.04 and its 200 day moving average price is $17.00. The stock has a market capitalization of $72.25 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 0.49 and a beta of 1.15. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70. Barclays PLC has a fifty-two week low of $11.22 and a fifty-two week high of $20.58.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 EPS 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 business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $7.06 billion. Analysts forecast that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be given a $0.1557 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 210.0%. Barclays's dividend payout ratio (DPR) is currently 14.29%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley restated an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Citigroup cut Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Finally, Wall Street Zen cut Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Barclays has a consensus rating of "Moderate Buy".

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.