Squarepoint Ops LLC Has $4.21 Million Stock Position in Barclays PLC $BCS

Key Points

• Squarepoint Ops LLC reduced its Barclays stake by 40.5% in the second quarter, selling 106,763 shares and retaining 156,581 shares valued at approximately $4.21 million. Other institutional investors, including NewEdge Advisors and Rhumbline Advisers, increased their positions.
• Analyst sentiment is mixed: four firms rate Barclays a Buy while six assign a Hold rating, resulting in an overall “Hold” consensus. Bank of America and Morgan Stanley recently downgraded the stock, while Piper Sandler upgraded it.
• Barclays exceeded quarterly earnings expectations, reporting $0.90 in EPS versus the $0.89 consensus and revenue of $10.95 billion. The company also announced a $0.3134 per-share dividend, with a 22.76% payout ratio.

Squarepoint Ops LLC lessened its position in shares of Barclays PLC (NYSE:BCS) by 40.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,581 shares of the financial services provider's stock after selling 106,763 shares during the quarter. Squarepoint Ops LLC's holdings in Barclays were worth $4,206,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in Barclays by 72.8% during 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 last quarter. Sivia Capital Partners LLC grew its position 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 worth $438,000 after buying an additional 3,868 shares during the period. Rhumbline Advisers grew its position in shares of Barclays by 6.8% during 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 period. Flow Traders U.S. LLC bought a new stake in shares of Barclays during the second quarter worth approximately $451,000. Finally, Cerity Partners LLC lifted its holdings in Barclays by 3.2% in the second quarter. Cerity Partners LLC now owns 243,698 shares of the financial services provider's stock valued at $4,530,000 after buying an additional 7,604 shares during the period. Institutional investors own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BCS. Bank of America lowered shares of Barclays from a "buy" rating to a "neutral" rating in a report on Tuesday, September 1st. Piper Sandler raised Barclays from an "overweight" rating to a "buy" rating in a research note on Friday, June 12th. Weiss Ratings raised Barclays from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Morgan Stanley downgraded Barclays from an "overweight" rating to an "equal weight" rating in a report on Wednesday, September 2nd. Finally, Berenberg Bank initiated coverage on Barclays in a research note on Wednesday, June 24th. They issued a "buy" rating on the stock. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Barclays has an average rating of "Hold".

Barclays Stock Performance

Shares of BCS stock opened at $26.71 on Friday. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.46 and a current ratio of 1.46. Barclays PLC has a 52 week low of $19.29 and a 52 week high of $28.68. The company's 50 day moving average price is $27.39 and its two-hundred day moving average price is $24.96. The company has a market capitalization of $90.12 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99.

Barclays (NYSE:BCS - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. Barclays had a net margin of 22.27% and a return on equity of 8.80%. The company had revenue of $10.95 billion during the quarter, compared to analysts' expectations of $10.78 billion. On average, analysts expect that Barclays PLC will post 2.85 earnings per share for the current fiscal year.

Barclays Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be paid 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 presently 22.76%.

Barclays Company Profile

Barclays PLC NYSE: BCS is a diversified financial services company headquartered in London, United Kingdom. Founded in 1690, it has developed from a London-based banking business into an international group serving individuals, businesses, institutions and governments.

Barclays' principal activities include consumer and business banking, residential mortgages, savings and lending products, credit cards, payments, and wealth management. Through its investment banking operations, the company provides corporate finance, mergers and acquisitions advice, equity and debt underwriting, markets services, research, risk management and other advisory services to corporate, institutional and government clients.

The company serves customers primarily in the United Kingdom and the United States, while its corporate, investment banking and markets activities operate across major financial centers worldwide.

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