Fifth Third Bancorp Has $1.04 Million Holdings in Barclays PLC $BCS

Fifth Third Bancorp lifted its position in shares of Barclays PLC (NYSE:BCS) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,035 shares of the financial services provider’s stock after purchasing an additional 599 shares during the quarter. Fifth Third Bancorp’s holdings in Barclays were worth $1,042,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ballentine Partners LLC raised its holdings in Barclays by 2.2% during the first quarter. Ballentine Partners LLC now owns 31,547 shares of the financial services provider’s stock worth $485,000 after buying an additional 668 shares during the last quarter. RNC Capital Management LLC raised its holdings in shares of Barclays by 2.3% in the 1st quarter. RNC Capital Management LLC now owns 32,670 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 735 shares during the last quarter. D Orazio & Associates Inc. lifted its position in Barclays by 2.1% in the 1st quarter. D Orazio & Associates Inc. now owns 36,873 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 759 shares in the last quarter. Baron Wealth Management LLC boosted its stake in Barclays by 2.8% during the 2nd quarter. Baron Wealth Management LLC now owns 32,937 shares of the financial services provider’s stock valued at $612,000 after purchasing an additional 888 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Barclays by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 31,540 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 909 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BCS shares. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research report on Tuesday, September 2nd. Citigroup lowered shares of Barclays from a “buy” rating to a “neutral” rating in a research report on Friday, July 18th. Wall Street Zen upgraded shares of Barclays from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Barclays Trading Up 1.4%

Barclays stock opened at $20.60 on Monday. The firm’s fifty day moving average price is $20.09 and its 200-day moving average price is $17.88. Barclays PLC has a fifty-two week low of $11.48 and a fifty-two week high of $21.22. The stock has a market cap of $72.38 billion, a P/E ratio of 9.49, a PEG ratio of 0.43 and a beta of 1.14. 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) last posted its quarterly earnings data 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 company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. Equities research analysts forecast that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were issued a $0.1557 dividend. The ex-dividend date was Friday, August 8th. This represents a dividend yield of 210.0%. Barclays’s dividend payout ratio (DPR) is currently 14.75%.

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.