Vanguard Personalized Indexing Management LLC Buys 13,339 Shares of Barclays PLC $BCS

Vanguard Personalized Indexing Management LLC boosted its stake in Barclays PLC (NYSE:BCS) by 8.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,951 shares of the financial services provider’s stock after acquiring an additional 13,339 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Barclays were worth $3,327,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Barclays by 14.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 352,328 shares of the financial services provider’s stock valued at $5,412,000 after buying an additional 43,607 shares during the last quarter. FORA Capital LLC acquired a new stake in Barclays in the 1st quarter valued at $697,000. Invesco Ltd. increased its stake in Barclays by 8,088.1% in the 1st quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider’s stock valued at $13,549,000 after buying an additional 871,335 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Barclays by 13.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 784,979 shares of the financial services provider’s stock valued at $12,089,000 after buying an additional 95,566 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Barclays by 1,539.6% in the 1st quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider’s stock valued at $69,000 after buying an additional 4,234 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Performance

Shares of BCS stock opened at $20.42 on Wednesday. The company has a market capitalization of $71.43 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.42 and a beta of 1.10. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38. The company has a 50-day simple moving average of $20.34 and a 200 day simple moving average of $18.24. Barclays PLC has a 52 week low of $12.14 and a 52 week high of $21.22.

Barclays (NYSE:BCS) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. On average, sell-side analysts predict that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BCS shares. Zacks Research upgraded shares of Barclays from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barclays in a research note on Wednesday, October 8th. Citigroup downgraded shares of Barclays from a “buy” rating to a “neutral” rating in a research report on Friday, July 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research report on Wednesday, July 16th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock 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.