Invesco Ltd. Grows Stock Holdings in Barclays PLC $BCS

Invesco Ltd. lifted its position in shares of Barclays PLC (NYSE:BCS) by 8,088.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 882,108 shares of the financial services provider’s stock after purchasing an additional 871,335 shares during the period. Invesco Ltd.’s holdings in Barclays were worth $13,549,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in Barclays by 13.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 784,979 shares of the financial services provider’s stock valued at $12,089,000 after acquiring an additional 95,566 shares during the last quarter. Bessemer Group Inc. lifted its position in Barclays by 1,539.6% in the first quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 4,234 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Barclays in the first quarter valued at $286,000. Janney Montgomery Scott LLC lifted its position in Barclays by 52.0% in the first quarter. Janney Montgomery Scott LLC now owns 47,617 shares of the financial services provider’s stock valued at $731,000 after acquiring an additional 16,293 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Barclays by 11.8% in the first quarter. PNC Financial Services Group Inc. now owns 123,492 shares of the financial services provider’s stock valued at $1,897,000 after acquiring an additional 13,030 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Trading Up 1.2%

Shares of Barclays stock opened at $20.4550 on Friday. Barclays PLC has a 52-week low of $11.22 and a 52-week high of $20.58. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70. The company’s 50-day simple moving average is $19.04 and its 200-day simple moving average is $16.98. The firm has a market cap of $72.22 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.48 and a beta of 1.15.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Barclays had a net margin of 22.11% and a return on equity of 8.49%. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $7.06 billion. As a group, equities research analysts anticipate that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.1557 per share. This represents a dividend yield of 210.0%. The ex-dividend date is Friday, August 8th. Barclays’s payout ratio is 14.29%.

Analyst Upgrades and Downgrades

BCS has been the subject of a number of research reports. Citigroup cut shares of Barclays from a “buy” rating to a “neutral” rating in a research report on Friday, July 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Wednesday, July 16th. Finally, Wall Street Zen cut shares of Barclays from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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 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.