Allspring Global Investments Holdings LLC Acquires 667,687 Shares of Barclays PLC (NYSE:BCS)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Barclays PLC (NYSE:BCS) by 3,073.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 689,413 shares of the financial services provider’s stock after acquiring an additional 667,687 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Barclays were worth $9,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BCS. Brooklyn Investment Group acquired a new position in Barclays in the 4th quarter valued at $26,000. Activest Wealth Management acquired a new position in Barclays in the 4th quarter valued at $33,000. Symphony Financial Ltd. Co. acquired a new position in Barclays in the 3rd quarter valued at $42,000. Versant Capital Management Inc acquired a new position in Barclays in the 4th quarter valued at $44,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Barclays during the 3rd quarter worth $120,000. 3.39% of the stock is currently owned by institutional investors.

Barclays Stock Up 5.0 %

Shares of Barclays stock opened at $15.63 on Wednesday. Barclays PLC has a one year low of $8.18 and a one year high of $15.65. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50-day moving average is $13.95 and its 200 day moving average is $12.92. The firm has a market cap of $56.38 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.46 and a beta of 1.41.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.19 by $0.15. Barclays had a return on equity of 6.30% and a net margin of 17.83%. Equities research analysts anticipate that Barclays PLC will post 1.53 EPS for the current year.

Barclays Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Friday, February 28th will be given a dividend of $0.2737 per share. This represents a dividend yield of 2.7%. This is an increase from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend is Friday, February 28th. Barclays’s dividend payout ratio (DPR) is presently 20.41%.

Analysts Set New Price Targets

Separately, StockNews.com cut Barclays from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th.

Barclays Company 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.