Barclays PLC $BCS Stake Boosted by Pzena Investment Management LLC

Pzena Investment Management LLC increased its stake in Barclays PLC (NYSE:BCS) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,604 shares of the financial services provider’s stock after purchasing an additional 5,308 shares during the quarter. Pzena Investment Management LLC’s holdings in Barclays were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Acadian Asset Management LLC boosted its position in Barclays by 37.6% during the 1st quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider’s stock worth $516,163,000 after acquiring an additional 9,188,263 shares during the period. Natixis Advisors LLC boosted its position in Barclays by 78.7% during the 1st quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider’s stock worth $136,593,000 after acquiring an additional 3,917,785 shares during the period. Raymond James Financial Inc. boosted its position in Barclays by 11.4% during the 1st quarter. Raymond James Financial Inc. now owns 4,976,635 shares of the financial services provider’s stock worth $76,441,000 after acquiring an additional 509,110 shares during the period. Duquesne Family Office LLC boosted its position in Barclays by 19.8% during the 1st quarter. Duquesne Family Office LLC now owns 3,817,305 shares of the financial services provider’s stock worth $58,634,000 after acquiring an additional 630,450 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Barclays by 65.7% during the 1st quarter. New York State Common Retirement Fund now owns 1,850,260 shares of the financial services provider’s stock worth $28,420,000 after acquiring an additional 733,520 shares during the period. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Up 1.8%

Shares of BCS stock opened at $20.11 on Tuesday. The stock’s 50 day simple moving average is $20.32 and its 200 day simple moving average is $18.22. 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 PLC has a twelve month low of $12.14 and a twelve month high of $21.22. The company has a market capitalization of $70.31 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.42 and a beta of 1.10.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. Barclays had a return on equity of 8.49% and a net margin of 22.11%.The business had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $7.06 billion. As a group, research analysts predict that Barclays PLC will post 2 EPS for the current year.

Barclays Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 8th were paid a $0.1557 dividend. This represents a dividend yield of 210.0%. The ex-dividend date of this dividend was Friday, August 8th. Barclays’s dividend payout ratio (DPR) is presently 14.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Zacks Research upgraded Barclays from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Wednesday, July 16th. Wall Street Zen lowered Barclays from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Barclays in a report on Wednesday, October 8th. Finally, Citigroup lowered Barclays from a “buy” rating to a “neutral” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Barclays presently has a consensus rating of “Buy”.

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.