Sanders Capital LLC increased its stake in Barclays PLC (NYSE:BCS) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 482,247 shares of the financial services provider’s stock after buying an additional 36,458 shares during the period. Sanders Capital LLC’s holdings in Barclays PLC were worth $3,665,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of BCS. Green Square Capital LLC acquired a new position in Barclays PLC during the second quarter worth about $102,000. Berkeley Capital Partners LLC increased its position in Barclays PLC by 13.4% in the first quarter. Berkeley Capital Partners LLC now owns 13,533 shares of the financial services provider’s stock worth $117,000 after buying an additional 1,595 shares during the last quarter. Banced Corp acquired a new position in Barclays PLC during the second quarter worth about $203,000. Mariner Wealth Advisors LLC acquired a new position in Barclays PLC during the first quarter worth about $161,000. Finally, Rehmann Capital Advisory Group increased its position in Barclays PLC by 5.5% in the first quarter. Rehmann Capital Advisory Group now owns 19,096 shares of the financial services provider’s stock worth $165,000 after buying an additional 991 shares during the last quarter. Institutional investors and hedge funds own 2.95% of the company’s stock.
Barclays PLC (NYSE:BCS) traded down 2.50% during midday trading on Friday, hitting $8.58. The stock had a trading volume of 9,813,676 shares. The stock’s 50-day moving average is $8.82 and its 200-day moving average is $8.98. The stock’s market capitalization is $29.66 billion. Barclays PLC has a 1-year low of $6.76 and a 1-year high of $15.81.
The business also recently disclosed a dividend, which was paid on Monday, September 19th. Investors of record on Friday, August 12th were paid a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s dividend payout ratio is currently -31.25%.
A number of research firms have issued reports on BCS. Vetr downgraded shares of Barclays PLC from a “strong-buy” rating to a “sell” rating and set a $8.22 target price on the stock. in a research report on Monday. Zacks Investment Research downgraded shares of Barclays PLC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 21st. HSBC upgraded shares of Barclays PLC from a “hold” rating to a “buy” rating and upped their target price for the company from $6.76 to $8.62 in a research report on Wednesday, September 21st. Deutsche Bank AG restated a “hold” rating on shares of Barclays PLC in a research report on Friday, September 16th. Finally, Citigroup Inc. reaffirmed a “sell” rating on shares of Barclays PLC in a research note on Wednesday, August 31st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Barclays PLC presently has an average rating of “Hold” and a consensus price target of $35.71.
Barclays PLC Company Profile
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.
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