Pzena Investment Management LLC increased its position in Barclays PLC (NYSE:BCS – Free Report) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,849 shares of the financial services provider’s stock after acquiring an additional 7,261 shares during the quarter. Pzena Investment Management LLC’s holdings in Barclays were worth $747,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. BOKF NA bought a new position in shares of Barclays during the 1st quarter worth about $26,000. Altshuler Shaham Ltd increased its holdings in shares of Barclays by 100.0% during the 1st quarter. Altshuler Shaham Ltd now owns 4,000 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 2,000 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Barclays by 236.5% during the 1st quarter. Global Retirement Partners LLC now owns 4,109 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 2,888 shares during the period. Belpointe Asset Management LLC bought a new position in shares of Barclays during the 4th quarter worth about $42,000. Finally, Sage Mountain Advisors LLC bought a new position in shares of Barclays during the 1st quarter worth about $80,000. Institutional investors own 3.39% of the company’s stock.
Analyst Ratings Changes
BCS has been the topic of several research reports. StockNews.com downgraded shares of Barclays from a “buy” rating to a “hold” rating in a report on Sunday, September 3rd. BCS lowered their target price on shares of Barclays from GBX 210 ($2.65) to GBX 190 ($2.40) in a research note on Thursday, July 6th. Finally, BNP Paribas cut shares of Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Barclays currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.67.
Barclays Price Performance
NYSE:BCS opened at $7.42 on Friday. The firm has a market cap of $28.86 billion, a PE ratio of 4.29, a price-to-earnings-growth ratio of 2.61 and a beta of 1.38. Barclays PLC has a 12 month low of $5.89 and a 12 month high of $9.44. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 6.28. The company’s 50-day moving average price is $7.75 and its two-hundred day moving average price is $7.70.
Barclays (NYSE:BCS – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $8.42 billion. Barclays had a net margin of 22.39% and a return on equity of 8.09%. On average, equities analysts anticipate that Barclays PLC will post 1.74 EPS for the current fiscal year.
Barclays Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 11th will be given a dividend of $0.1398 per share. This represents a dividend yield of 4.7%. This is a positive change from Barclays’s previous semi-annual dividend of $0.10. The ex-dividend date of this dividend is Thursday, August 10th. Barclays’s dividend payout ratio is presently 15.61%.
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 two segments, Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
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