Northern Trust Corp Has $87.43 Million Stock Holdings in Barclays PLC $BCS

Key Points

• Northern Trust Corp has reduced its stake in Barclays PLC by 6.1%, selling 367,279 shares, and now holds approximately 0.16% of the company valued at $87.43 million.
• Barclays recently declared a semi-annual dividend of $0.1557 per share, with a dividend yield of 210.0% and a payout ratio of 14.29%.
• Barclays reported quarterly earnings of $0.62 per share, exceeding analyst expectations, with significant revenue of $9.58 billion compared to projected $7.06 billion.

Northern Trust Corp trimmed its stake in Barclays PLC (NYSE:BCS - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,692,265 shares of the financial services provider's stock after selling 367,279 shares during the period. Northern Trust Corp owned 0.16% of Barclays worth $87,433,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE increased its position in Barclays by 485.0% in the 4th quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider's stock worth $88,789,000 after buying an additional 5,538,912 shares during the period. Natixis Advisors LLC increased its position in Barclays by 78.7% in the 1st quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider's stock worth $136,593,000 after buying an additional 3,917,785 shares during the period. Deutsche Bank AG bought a new position in Barclays in the 4th quarter worth approximately $50,189,000. Duquesne Family Office LLC increased its position in Barclays by 58.7% in the 4th quarter. Duquesne Family Office LLC now owns 3,186,855 shares of the financial services provider's stock worth $42,353,000 after buying an additional 1,179,100 shares during the period. Finally, Invesco Ltd. increased its position in Barclays by 8,088.1% in the 1st quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider's stock worth $13,549,000 after buying an additional 871,335 shares during the period. 3.39% of the stock is owned by institutional investors.

Barclays Stock Down 0.4%

Shares of BCS stock traded down $0.08 on Thursday, hitting $20.06. 8,176,336 shares of the stock were exchanged, compared to its average volume of 16,949,869. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70. The firm has a market capitalization of $70.81 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 0.49 and a beta of 1.15. The business has a 50-day moving average of $19.20 and a 200 day moving average of $17.08. 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 posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. The company had revenue of $9.58 billion during the quarter, compared to analysts' expectations of $7.06 billion. Barclays had a return on equity of 8.49% and a net margin of 22.11%. Equities analysts anticipate that Barclays PLC will post 2 EPS for the current year.

Barclays Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.