Barclays PLC $BCS Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in Barclays PLC (NYSE:BCS) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 708,794 shares of the financial services provider’s stock after selling 27,557 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Barclays were worth $18,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BCS. Fisher Asset Management LLC raised its holdings in Barclays by 3.6% during the third quarter. Fisher Asset Management LLC now owns 86,027,312 shares of the financial services provider’s stock worth $1,778,185,000 after purchasing an additional 2,964,420 shares in the last quarter. Natixis Advisors LLC lifted its stake in Barclays by 5.9% in the third quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock valued at $204,357,000 after buying an additional 549,497 shares during the last quarter. American Century Companies Inc. grew its position in shares of Barclays by 39.2% during the third quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock worth $100,065,000 after acquiring an additional 1,362,247 shares during the last quarter. Ameriprise Financial Inc. grew its position in Barclays by 793.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after purchasing an additional 4,242,360 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Barclays by 4.5% during the third quarter. Sei Investments Co. now owns 3,855,037 shares of the financial services provider’s stock worth $79,684,000 after buying an additional 167,439 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BCS. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Friday, February 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Wednesday, February 11th. Zacks Research cut shares of Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Barclays in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Barclays Stock Up 0.0%

Shares of NYSE:BCS opened at $21.81 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.45. The firm has a market cap of $75.20 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.42 and a beta of 0.97. The stock’s 50-day moving average price is $23.77 and its two-hundred day moving average price is $23.09. Barclays PLC has a 12-month low of $12.14 and a 12-month high of $27.70.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Barclays had a net margin of 21.91% and a return on equity of 8.33%. The company had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.23 billion. On average, research analysts forecast that Barclays PLC will post 2 EPS for the current year.

Barclays Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 20th were paid a dividend of $0.3069 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a yield of 236.0%. Barclays’s dividend payout ratio (DPR) is currently 25.33%.

Barclays Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.