Neuberger Berman Group LLC Trims Holdings in Barclays PLC (NYSE:BCS)

Neuberger Berman Group LLC trimmed its position in Barclays PLC (NYSE:BCS) by 34.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 377,942 shares of the financial services provider’s stock after selling 202,022 shares during the period. Neuberger Berman Group LLC’s holdings in Barclays were worth $5,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BCS. Bank of America Corp DE lifted its holdings in Barclays by 485.0% in the 4th quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider’s stock valued at $88,789,000 after purchasing an additional 5,538,912 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Barclays by 78.7% in the 1st quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider’s stock valued at $136,593,000 after purchasing an additional 3,917,785 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Barclays during the 4th quarter valued at about $50,189,000. Marshall Wace LLP acquired a new position in shares of Barclays during the 4th quarter valued at about $26,932,000. Finally, Duquesne Family Office LLC increased its stake in shares of Barclays by 58.7% during the 4th quarter. Duquesne Family Office LLC now owns 3,186,855 shares of the financial services provider’s stock valued at $42,353,000 after acquiring an additional 1,179,100 shares during the last quarter. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BCS has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research note on Wednesday, July 16th. Wall Street Zen downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research note on Wednesday, July 30th. Finally, Citigroup downgraded shares of Barclays from a “buy” rating to a “neutral” rating in a research note on Friday, July 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Barclays presently has an average rating of “Moderate Buy”.

Barclays Stock Up 0.5%

BCS opened at $20.56 on Friday. The firm has a 50 day moving average price of $18.74 and a 200 day moving average price of $16.74. The company has a market cap of $72.57 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.49 and a beta of 1.15. Barclays PLC has a 1 year low of $11.22 and a 1 year high of $20.56. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38.

Barclays (NYSE:BCS) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. Sell-side analysts expect that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be issued a $0.1557 dividend. This represents a yield of 210.0%. The ex-dividend date is Friday, August 8th. Barclays’s dividend payout ratio is currently 14.29%.

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.