Barclays PLC (NYSE:BCS) Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC raised its position in Barclays PLC (NYSE:BCS) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,226 shares of the financial services provider’s stock after buying an additional 924 shares during the period. Pzena Investment Management LLC’s holdings in Barclays were worth $1,146,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Henry James International Management Inc. acquired a new stake in shares of Barclays in the fourth quarter worth approximately $438,000. ABC Arbitrage SA purchased a new position in Barclays in the 4th quarter valued at $21,514,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Barclays during the 4th quarter worth $599,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Barclays by 3,073.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider’s stock worth $9,052,000 after buying an additional 667,687 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Barclays in the third quarter valued at about $3,647,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BCS has been the subject of several research reports. StockNews.com cut shares of Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Barclays Trading Up 2.1 %

Shares of BCS stock opened at $15.10 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.33. Barclays PLC has a twelve month low of $8.94 and a twelve month high of $16.33. The company’s 50-day moving average price is $14.66 and its 200-day moving average price is $13.38. The stock has a market cap of $54.44 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.39 and a beta of 1.38.

Barclays (NYSE:BCS) last posted its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Barclays PLC will post 2 earnings per share for the current year.

Barclays Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.2737 per share. This is a boost from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 2.7%. Barclays’s dividend payout ratio (DPR) is 28.80%.

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.