Arrowstreet Capital Limited Partnership lessened its position in Barclays PLC (NYSE:BCS - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,644,090 shares of the financial services provider's stock after selling 3,746,135 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.68% of Barclays worth $327,520,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in shares of Barclays by 7.7% during the fourth quarter. Lindbrook Capital LLC now owns 9,476 shares of the financial services provider's stock valued at $126,000 after acquiring an additional 674 shares in the last quarter. Choreo LLC grew its stake in Barclays by 1.7% during the 4th quarter. Choreo LLC now owns 46,860 shares of the financial services provider's stock worth $623,000 after buying an additional 802 shares during the last quarter. Lake Street Advisors Group LLC grew its position in Barclays by 2.2% in the 4th quarter. Lake Street Advisors Group LLC now owns 40,500 shares of the financial services provider's stock worth $538,000 after purchasing an additional 880 shares during the last quarter. M&T Bank Corp increased its position in Barclays by 4.7% in the 3rd quarter. M&T Bank Corp now owns 20,568 shares of the financial services provider's stock valued at $250,000 after acquiring an additional 918 shares during the period. Finally, Pzena Investment Management LLC raised its stake in shares of Barclays by 1.1% during the fourth quarter. Pzena Investment Management LLC now owns 86,226 shares of the financial services provider's stock valued at $1,146,000 after purchasing an additional 924 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. StockNews.com cut Barclays from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. BNP Paribas raised shares of Barclays from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".
View Our Latest Stock Report on Barclays
Barclays Price Performance
NYSE BCS traded up $0.06 during trading on Tuesday, reaching $15.42. 17,216,333 shares of the company traded hands, compared to its average volume of 14,853,494. The stock's 50 day moving average price is $15.31 and its two-hundred day moving average price is $13.77. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $55.43 billion, a price-to-earnings ratio of 8.38, a P/E/G ratio of 0.39 and a beta of 1.38. Barclays PLC has a 1-year low of $8.95 and a 1-year high of $16.34.
Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.15. Barclays had a net margin of 20.81% and a return on equity of 7.74%. As a group, analysts anticipate that Barclays PLC will post 2 EPS for the current year.
Barclays Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, February 28th will be given a dividend of $0.2737 per share. This is a boost from Barclays's previous semi-annual dividend of $0.27. This represents a dividend yield of 2.7%. The ex-dividend date is Friday, February 28th. Barclays's dividend payout ratio is currently 29.89%.
Barclays Company Profile
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Free Report)
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.
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