Arrowstreet Capital Limited Partnership Has $327.52 Million Position in Barclays PLC (NYSE:BCS)

Arrowstreet Capital Limited Partnership trimmed its stake in shares of Barclays PLC (NYSE:BCS) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,644,090 shares of the financial services provider’s stock after selling 3,746,135 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.68% of Barclays worth $327,520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its position in Barclays by 7.7% during the 4th quarter. Lindbrook Capital LLC now owns 9,476 shares of the financial services provider’s stock worth $126,000 after buying an additional 674 shares during the period. Choreo LLC lifted its holdings in shares of Barclays by 1.7% during the fourth quarter. Choreo LLC now owns 46,860 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 802 shares during the period. Lake Street Advisors Group LLC grew its stake in shares of Barclays by 2.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 40,500 shares of the financial services provider’s stock worth $538,000 after purchasing an additional 880 shares during the last quarter. M&T Bank Corp increased its holdings in Barclays by 4.7% in the third quarter. M&T Bank Corp now owns 20,568 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 918 shares during the period. Finally, Pzena Investment Management LLC raised its position in Barclays by 1.1% during the 4th quarter. Pzena Investment Management LLC now owns 86,226 shares of the financial services provider’s stock worth $1,146,000 after purchasing an additional 924 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Trading Down 2.9 %

Shares of BCS stock opened at $15.42 on Friday. The stock has a 50 day simple moving average of $15.29 and a two-hundred day simple moving average of $13.72. The company has a market cap of $55.43 billion, a P/E ratio of 8.38, a PEG ratio of 0.39 and a beta of 1.38. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29. Barclays PLC has a fifty-two week low of $8.95 and a fifty-two week high of $16.34.

Barclays (NYSE:BCS) last issued its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. Research analysts forecast that Barclays PLC will post 2 earnings per share for the current year.

Barclays Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.2737 per share. This represents a yield of 2.7%. This is an increase from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend is Friday, February 28th. Barclays’s payout ratio is currently 29.89%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BCS shares. StockNews.com downgraded Barclays from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate 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.