Allspring Global Investments Holdings LLC Has $14.03 Million Holdings in Barclays PLC $BCS

Allspring Global Investments Holdings LLC lessened its position in shares of Barclays PLC (NYSE:BCS) by 2.5% in the second quarter, HoldingsChannel.com reports. The firm owned 765,254 shares of the financial services provider’s stock after selling 19,725 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Barclays were worth $14,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its position in Barclays by 8.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 178,951 shares of the financial services provider’s stock valued at $3,327,000 after purchasing an additional 13,339 shares during the period. Concurrent Investment Advisors LLC increased its position in Barclays by 9.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 36,658 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 3,121 shares during the period. Johnson Investment Counsel Inc. increased its position in Barclays by 5.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 16,518 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 802 shares during the period. PDS Planning Inc boosted its holdings in shares of Barclays by 47.9% during the 2nd quarter. PDS Planning Inc now owns 17,882 shares of the financial services provider’s stock worth $332,000 after buying an additional 5,788 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Barclays by 13.0% during the 2nd quarter. Blue Trust Inc. now owns 54,337 shares of the financial services provider’s stock worth $1,010,000 after buying an additional 6,259 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BCS. Wall Street Zen cut Barclays from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Citigroup cut Barclays from a “buy” rating to a “neutral” rating in a report on Friday, July 18th. Zacks Research upgraded Barclays from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a report on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Barclays in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Barclays Price Performance

Shares of BCS opened at $19.38 on Friday. Barclays PLC has a 12-month low of $12.14 and a 12-month high of $21.22. The business’s fifty day moving average is $20.34 and its 200 day moving average is $18.31. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70. The stock has a market cap of $67.76 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.42 and a beta of 1.10.

Barclays (NYSE:BCS) last issued 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. Barclays had a return on equity of 8.49% and a net margin of 22.11%.The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $7.06 billion. Sell-side analysts anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

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

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.