Fisher Asset Management LLC Acquires 2,964,420 Shares of Barclays PLC $BCS

Fisher Asset Management LLC raised its stake in Barclays PLC (NYSE:BCS) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,027,312 shares of the financial services provider’s stock after acquiring an additional 2,964,420 shares during the quarter. Fisher Asset Management LLC owned approximately 2.46% of Barclays worth $1,778,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in Barclays by 72.8% during the first quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 19,818 shares during the period. Sivia Capital Partners LLC increased its holdings in Barclays by 19.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 3,868 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Barclays by 369.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 21,827 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 17,181 shares during the period. Keybank National Association OH purchased a new stake in Barclays during the 2nd quarter worth about $192,000. Finally, Assetmark Inc. boosted its stake in Barclays by 217.6% in the 2nd quarter. Assetmark Inc. now owns 47,436 shares of the financial services provider’s stock worth $882,000 after purchasing an additional 32,500 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BCS. Zacks Research upgraded Barclays from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Friday, February 13th. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a report on Tuesday, December 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Barclays Stock Down 4.1%

BCS stock opened at $24.26 on Monday. Barclays PLC has a fifty-two week low of $12.14 and a fifty-two week high of $27.70. The company has a market capitalization of $83.77 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 0.45 and a beta of 0.95. The business’s 50 day moving average price is $25.95 and its two-hundred day moving average price is $22.90. The company has a debt-to-equity ratio of 5.45, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. Barclays had a return on equity of 8.33% and a net margin of 21.91%. As a group, analysts forecast that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th will be paid a $0.3069 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a dividend yield of 236.0%. Barclays’s dividend payout ratio is 26.20%.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.