Allspring Global Investments Holdings LLC Has $9.05 Million Stake in Barclays PLC (NYSE:BCS)

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

Several other institutional investors and hedge funds also recently made changes to their positions in BCS. Creative Planning boosted its stake in Barclays by 12.1% in the 3rd quarter. Creative Planning now owns 311,466 shares of the financial services provider’s stock valued at $3,784,000 after purchasing an additional 33,538 shares during the period. Bleakley Financial Group LLC raised its stake in Barclays by 40.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 14,160 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 4,082 shares in the last quarter. Blue Trust Inc. grew its position in shares of Barclays by 398.5% during the 3rd quarter. Blue Trust Inc. now owns 31,425 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 25,121 shares in the last quarter. Raymond James & Associates increased its stake in Barclays by 11.9% during the 3rd quarter. Raymond James & Associates now owns 4,007,379 shares of the financial services provider’s stock worth $48,690,000 after acquiring an additional 426,815 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Barclays by 8.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 30,180 shares of the financial services provider’s stock worth $367,000 after buying an additional 2,349 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Barclays Stock Performance

Shares of BCS stock opened at $15.63 on Wednesday. The firm has a market capitalization of $56.38 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.46 and a beta of 1.41. The firm has a fifty day simple moving average of $13.95 and a two-hundred day simple moving average of $12.92. Barclays PLC has a 12 month low of $8.18 and a 12 month high of $15.65. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67.

Barclays (NYSE:BCS) last posted its earnings results 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 net margin of 17.83% and a return on equity of 6.30%. Analysts forecast that Barclays PLC will post 1.53 EPS for the current fiscal year.

Barclays Increases Dividend

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

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.