Neuberger Berman Group LLC Reduces Stock Holdings in Barclays PLC $BCS

Key Points

• Neuberger Berman Group LLC has reduced its holdings in Barclays PLC by 34.8%, selling 202,022 shares, and now owns 377,942 shares valued at approximately $5.8 million.
• Several institutional investors, including Bank of America, have made significant adjustments to their positions in Barclays, with Bank of America increasing its holdings by 485% in the last quarter.
• Barclays reported better-than-expected earnings of $0.62 per share and announced a semi-annual dividend of $0.1557, which reflects a yield of 210% for shareholders.

Neuberger Berman Group LLC reduced its position in shares of Barclays PLC (NYSE:BCS - Free Report) by 34.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 377,942 shares of the financial services provider's stock after selling 202,022 shares during the period. Neuberger Berman Group LLC's holdings in Barclays were worth $5,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BCS. Russell Investments Group Ltd. increased its stake in shares of Barclays by 5.7% during the fourth quarter. Russell Investments Group Ltd. now owns 182,404 shares of the financial services provider's stock worth $2,424,000 after acquiring an additional 9,911 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Barclays by 0.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 202,599 shares of the financial services provider's stock valued at $2,691,000 after acquiring an additional 1,800 shares during the period. Townsquare Capital LLC raised its stake in shares of Barclays by 2.4% in the 4th quarter. Townsquare Capital LLC now owns 64,957 shares of the financial services provider's stock valued at $863,000 after acquiring an additional 1,497 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in Barclays during the 4th quarter valued at $229,000. Finally, Mariner LLC boosted its holdings in shares of Barclays by 7.5% in the 4th quarter. Mariner LLC now owns 162,632 shares of the financial services provider's stock valued at $2,161,000 after buying an additional 11,406 shares during the period. 3.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BCS has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Wall Street Zen lowered shares of Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. 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, the company currently has a consensus rating of "Moderate Buy".

Barclays Stock Performance

NYSE BCS traded down $0.1850 on Tuesday, hitting $20.1050. 8,858,476 shares of the stock were exchanged, compared to its average volume of 17,322,004. The company has a market capitalization of $70.98 billion, a PE ratio of 9.26, a P/E/G ratio of 0.48 and a beta of 1.15. The business's fifty day moving average is $18.82 and its 200 day moving average is $16.85. Barclays PLC has a 52 week low of $11.22 and a 52 week high of $20.56. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38.

Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. The company 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%. Research analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Cuts Dividend

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

Barclays Company 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.