Barclays PLC $BCS Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Barclays PLC (NYSE:BCS) by 11.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 798,698 shares of the financial services provider’s stock after purchasing an additional 82,433 shares during the period. Quantinno Capital Management LP’s holdings in Barclays were worth $16,900,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC purchased a new position in shares of Barclays in the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Barclays during the fourth quarter worth approximately $26,000. SHP Wealth Management acquired a new stake in shares of Barclays during the fourth quarter worth $28,000. Advocate Investing Services LLC purchased a new position in Barclays in the 4th quarter valued at $33,000. Finally, First Pacific Financial increased its stake in Barclays by 3,036.4% in the 1st quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,670 shares during the period. 3.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BCS shares. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. Citigroup reissued a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a research report on Friday, July 17th. Finally, Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Barclays has a consensus rating of “Moderate Buy”.

Barclays Price Performance

Shares of NYSE BCS opened at $27.49 on Monday. The company’s fifty day moving average is $26.45 and its two-hundred day moving average is $24.74. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $93.70 billion, a P/E ratio of 10.26, a PEG ratio of 0.47 and a beta of 1.00. Barclays PLC has a one year low of $18.79 and a one year high of $28.67.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $10.95 billion during the quarter, compared to analysts’ expectations of $10.78 billion. Barclays had a net margin of 22.27% and a return on equity of 8.80%. Analysts forecast that Barclays PLC will post 2.85 EPS for the current fiscal year.

Barclays Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be given a dividend of $0.3134 per share. This represents a dividend yield of 233.0%. The ex-dividend date is Friday, August 7th. Barclays’s dividend payout ratio (DPR) is presently 21.64%.

Barclays 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.