JPMorgan Chase & Co. lifted its stake in shares of Barclays PLC (NYSE:BCS - Free Report) by 59.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,307,141 shares of the financial services provider's stock after purchasing an additional 489,281 shares during the period. JPMorgan Chase & Co.'s holdings in Barclays were worth $17,372,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of Barclays by 9.8% during the 4th quarter. American Century Companies Inc. now owns 5,635,864 shares of the financial services provider's stock worth $74,901,000 after purchasing an additional 505,351 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Barclays by 39.5% during the 4th quarter. Natixis Advisors LLC now owns 4,974,981 shares of the financial services provider's stock worth $66,117,000 after acquiring an additional 1,409,948 shares during the period. Raymond James Financial Inc. bought a new stake in Barclays in the 4th quarter valued at $59,373,000. Todd Asset Management LLC increased its holdings in shares of Barclays by 0.5% in the fourth quarter. Todd Asset Management LLC now owns 3,484,974 shares of the financial services provider's stock valued at $46,315,000 after purchasing an additional 18,854 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Barclays by 6.5% during the 4th quarter. Sei Investments Co. now owns 3,270,195 shares of the financial services provider's stock worth $43,461,000 after buying an additional 198,724 shares during the period. 3.39% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have 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 report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Get Our Latest Research Report on Barclays
Barclays Price Performance
BCS stock traded down $0.17 during midday trading on Wednesday, reaching $14.54. The company had a trading volume of 16,565,145 shares, compared to its average volume of 14,734,272. The company has a debt-to-equity ratio of 5.33, a current ratio of 1.29 and a quick ratio of 1.29. Barclays PLC has a 1-year low of $8.95 and a 1-year high of $16.34. The company has a market capitalization of $52.08 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 0.39 and a beta of 1.11. The stock has a 50 day moving average price of $15.12 and a 200-day moving average price of $13.91.
Barclays (NYSE:BCS - Get Free Report) last released its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. Equities research analysts expect that Barclays PLC will post 2 earnings per share for the current year.
Barclays Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, April 4th. Investors of record on Friday, February 28th were issued a dividend of $0.2737 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Barclays's previous semi-annual dividend of $0.27. This represents a dividend yield of 2.7%. Barclays's payout ratio is 29.89%.
About Barclays
(
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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