Public Employees Retirement System of Ohio Takes $9.89 Million Position in Barclays PLC $BCS

Key Points

• Public Employees Retirement System of Ohio acquired 368,120 Barclays shares worth approximately $9.89 million in the second quarter. Several other institutional investors also increased their positions, though institutional ownership remains relatively low at 3.39%.
• Analyst sentiment is generally positive: five analysts rate Barclays a Buy and four rate it Hold, resulting in a “Moderate Buy” consensus. Berenberg, Morgan Stanley, Piper Sandler, and Weiss Ratings recently issued or maintained favorable assessments.
• Barclays exceeded quarterly expectations with earnings of $0.90 per share versus $0.89 forecast and revenue of $10.95 billion versus $10.78 billion expected. The bank also announced a $0.3134-per-share dividend payable September 15 to shareholders of record August 7.

Public Employees Retirement System of Ohio purchased a new position in Barclays PLC (NYSE:BCS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 368,120 shares of the financial services provider's stock, valued at approximately $9,888,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in Barclays by 72.8% in the 1st quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider's stock worth $723,000 after purchasing an additional 19,818 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Barclays by 19.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider's stock valued at $438,000 after buying an additional 3,868 shares during the period. Rhumbline Advisers boosted its stake in shares of Barclays by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 45,179 shares of the financial services provider's stock worth $840,000 after buying an additional 2,885 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Barclays in the 2nd quarter worth $451,000. Finally, Cerity Partners LLC grew its holdings in shares of Barclays by 3.2% in the second quarter. Cerity Partners LLC now owns 243,698 shares of the financial services provider's stock worth $4,530,000 after acquiring an additional 7,604 shares during the period. Institutional investors own 3.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Berenberg Bank began coverage on Barclays in a report on Wednesday, June 24th. They issued a "buy" rating on the stock. Citigroup reaffirmed a "neutral" rating on shares of Barclays in a research report on Thursday, July 16th. Weiss Ratings upgraded shares of Barclays from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a report on Thursday, July 2nd. Finally, Piper Sandler upgraded shares of Barclays from an "overweight" rating to a "buy" rating in a research report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Barclays has an average rating of "Moderate Buy".

Barclays Price Performance

NYSE BCS opened at $26.65 on Tuesday. The business's fifty day moving average is $27.48 and its 200 day moving average is $24.91. Barclays PLC has a fifty-two week low of $19.28 and a fifty-two week high of $28.68. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market capitalization of $89.93 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.47 and a beta of 1.00.

Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $10.95 billion for the quarter, compared to the consensus estimate of $10.78 billion. Barclays had a return on equity of 8.80% and a net margin of 22.27%. Sell-side analysts predict that Barclays PLC will post 2.83 earnings per share for the current year.

Barclays Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be issued a $0.3134 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a yield of 224.0%. Barclays's dividend payout ratio is currently 22.39%.

Barclays 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.

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