Truist Financial Corp Raises Holdings in Barclays PLC (NYSE:BCS)

Truist Financial Corp grew its position in shares of Barclays PLC (NYSE:BCS) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,505 shares of the financial services provider’s stock after buying an additional 4,596 shares during the period. Truist Financial Corp’s holdings in Barclays were worth $445,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BCS. Brooklyn Investment Group purchased a new stake in Barclays during the 4th quarter worth about $26,000. Activest Wealth Management purchased a new stake in Barclays during the 4th quarter worth about $33,000. Sierra Ocean LLC purchased a new stake in Barclays during the 4th quarter worth about $38,000. Versant Capital Management Inc purchased a new stake in Barclays during the 4th quarter worth about $44,000. Finally, Allworth Financial LP lifted its holdings in Barclays by 27.1% during the 4th quarter. Allworth Financial LP now owns 6,011 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,283 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

Shares of NYSE BCS opened at $15.84 on Tuesday. The firm has a market capitalization of $57.11 billion, a P/E ratio of 8.61, a P/E/G ratio of 0.39 and a beta of 1.41. 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 stock’s 50-day simple moving average is $14.39 and its two-hundred day simple moving average is $13.23. Barclays PLC has a twelve month low of $8.63 and a twelve month high of $16.23.

Barclays (NYSE:BCS) last announced its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. As a group, equities analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal 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. The ex-dividend date of this dividend is 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 dividend payout ratio is 28.80%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

About Barclays

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.