Verition Fund Management LLC Acquires Shares of 10,751 Barclays PLC (NYSE:BCS)

Verition Fund Management LLC acquired a new stake in shares of Barclays PLC (NYSE:BCS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,751 shares of the financial services provider’s stock, valued at approximately $69,000.

A number of other institutional investors have also recently made changes to their positions in BCS. Natixis Advisors L.P. lifted its holdings in shares of Barclays by 231.7% in the 2nd quarter. Natixis Advisors L.P. now owns 4,068,957 shares of the financial services provider’s stock valued at $30,924,000 after acquiring an additional 2,842,349 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Barclays by 326.2% during the first quarter. Renaissance Technologies LLC now owns 2,405,686 shares of the financial services provider’s stock worth $19,005,000 after acquiring an additional 1,841,259 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Barclays during the first quarter worth approximately $13,274,000. Jane Street Group LLC increased its position in shares of Barclays by 611.0% during the second quarter. Jane Street Group LLC now owns 1,678,838 shares of the financial services provider’s stock worth $12,759,000 after acquiring an additional 1,442,726 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Barclays by 31.3% during the second quarter. Goldman Sachs Group Inc. now owns 5,687,062 shares of the financial services provider’s stock worth $43,222,000 after acquiring an additional 1,356,948 shares during the period. Institutional investors own 3.32% of the company’s stock.

Barclays Stock Down 3.1 %

Barclays stock opened at $7.53 on Friday. The firm has a market cap of $29.88 billion, a price-to-earnings ratio of 5.19 and a beta of 1.39. Barclays PLC has a 52 week low of $5.89 and a 52 week high of $9.44. The business’s 50-day moving average price is $8.68 and its 200 day moving average price is $7.84. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 5.72.

Barclays Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, March 31st. Investors of record on Friday, February 24th will be issued a dividend of $0.104 per share. This represents a yield of 6.4%. The ex-dividend date of this dividend is Thursday, February 23rd. Barclays’s dividend payout ratio (DPR) is 32.41%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com upgraded Barclays from a “hold” rating to a “buy” rating in a report on Wednesday, January 11th. JPMorgan Chase & Co. upgraded Barclays from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 6th. Exane BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 14th. Finally, BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 14th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

About Barclays

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Barclays Plc operates as a bank holding company, which engages in the provision of retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments. The Barclays UK segment consists the U.K. retail banking operations, U.K.