Wells Fargo & Company MN Acquires 2,344,858 Shares of Barclays PLC (NYSE:BCS)

Wells Fargo & Company MN lifted its position in shares of Barclays PLC (NYSE:BCS - Free Report) by 423.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,897,984 shares of the financial services provider's stock after buying an additional 2,344,858 shares during the period. Wells Fargo & Company MN owned approximately 0.08% of Barclays worth $38,514,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BCS. Raymond James Financial Inc. purchased a new position in shares of Barclays in the 4th quarter worth about $59,373,000. ABC Arbitrage SA purchased a new stake in Barclays during the 4th quarter worth $21,514,000. Natixis Advisors LLC boosted its position in shares of Barclays by 39.5% in the fourth quarter. Natixis Advisors LLC now owns 4,974,981 shares of the financial services provider's stock worth $66,117,000 after buying an additional 1,409,948 shares during the period. Norges Bank acquired a new position in Barclays during the 4th quarter worth approximately $18,606,000. Finally, Allspring Global Investments Holdings LLC grew its position in Barclays by 3,073.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider's stock valued at $9,052,000 after acquiring an additional 667,687 shares in the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Stock Performance

NYSE BCS traded up $0.52 on Tuesday, hitting $14.79. The stock had a trading volume of 14,670,059 shares, compared to its average volume of 14,726,829. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.33. The company's 50-day moving average is $15.13 and its two-hundred day moving average is $13.91. The stock has a market cap of $52.98 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 0.39 and a beta of 1.11. Barclays PLC has a one year low of $8.95 and a one year high of $16.34.

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Barclays (NYSE:BCS - Get Free Report) last announced 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 return on equity of 7.74% and a net margin of 20.81%. On average, 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. Stockholders of record on Friday, February 28th were paid a $0.2737 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Barclays's previous semi-annual dividend of $0.27. This represents a dividend yield of 2.7%. Barclays's dividend payout ratio is 29.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com lowered Barclays from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. BNP Paribas upgraded shares of Barclays from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

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.