Barclays PLC (NYSE:BCS) Stake Raised by Allworth Financial LP

Allworth Financial LP raised its stake in Barclays PLC (NYSE:BCS) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,011 shares of the financial services provider’s stock after buying an additional 1,283 shares during the period. Allworth Financial LP’s holdings in Barclays were worth $87,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. ABC Arbitrage SA acquired a new stake in Barclays during the 4th quarter worth about $21,514,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Barclays during the 4th quarter worth approximately $599,000. Allspring Global Investments Holdings LLC raised its stake in Barclays by 3,073.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider’s stock valued at $9,052,000 after purchasing an additional 667,687 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Barclays in the third quarter valued at $3,647,000. Finally, Dorsey Wright & Associates acquired a new stake in shares of Barclays in the third quarter worth $3,276,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Performance

Shares of BCS stock opened at $15.13 on Tuesday. The firm has a market cap of $54.53 billion, a P/E ratio of 8.22, a PEG ratio of 0.39 and a beta of 1.41. The stock’s 50-day moving average is $14.13 and its two-hundred day moving average is $13.08. Barclays PLC has a fifty-two week low of $8.37 and a fifty-two week high of $15.65. 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 (NYSE:BCS) last announced its quarterly 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 20.81% and a return on equity of 7.74%. Analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Friday, February 28th will be issued a $0.2737 dividend. This represents a yield of 2.7%. The ex-dividend date is Friday, February 28th. This is an increase from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio (DPR) is 16.30%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Barclays from a “strong-buy” rating to a “buy” rating in a research note 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.