Todd Asset Management LLC Sells 32,027 Shares of Barclays PLC (NYSE:BCS)

Key Points

• Todd Asset Management LLC reduced its stake in Barclays PLC by 0.9% during the 1st quarter, holding 3,452,947 shares valued at approximately $53 million.
• Despite the cut, other institutional investors increased their positions, with Allspring Global Investments boosting its holdings by 13.9% during the same period.
• Barclays recently declared a semi-annual dividend of $0.1557 per share, reflecting a yield of 210.0% amid expectations of continued earnings growth.

Todd Asset Management LLC cut its holdings in shares of Barclays PLC (NYSE:BCS - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,452,947 shares of the financial services provider's stock after selling 32,027 shares during the period. Barclays makes up approximately 1.2% of Todd Asset Management LLC's holdings, making the stock its 21st biggest position. Todd Asset Management LLC owned about 0.10% of Barclays worth $53,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in shares of Barclays in the first quarter worth approximately $29,000. Wealthquest Corp purchased a new position in shares of Barclays in the first quarter worth approximately $32,000. Zions Bancorporation National Association UT purchased a new position in shares of Barclays in the first quarter worth approximately $40,000. Wayfinding Financial LLC purchased a new position in shares of Barclays in the first quarter worth approximately $46,000. Finally, Bessemer Group Inc. increased its position in shares of Barclays by 1,539.6% in the first quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider's stock worth $69,000 after acquiring an additional 4,234 shares in the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Stock Up 0.5%

Shares of NYSE BCS traded up $0.11 during trading hours on Thursday, hitting $20.56. The stock had a trading volume of 8,518,798 shares, compared to its average volume of 17,468,133. The company has a market capitalization of $72.57 billion, a P/E ratio of 9.47, a P/E/G ratio of 0.49 and a beta of 1.15. The firm's 50-day moving average price is $18.68 and its two-hundred day moving average price is $16.70. 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 quick ratio of 1.38 and a current ratio of 1.38.

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. The business 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%. Analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Cuts Dividend

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

Analyst Ratings Changes

BCS has been the topic of several analyst reports. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Wall Street Zen lowered shares of Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Barclays in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.