OLD National Bancorp IN Acquires 1,732 Shares of Barclays PLC (NYSE:BCS)

OLD National Bancorp IN boosted its holdings in shares of Barclays PLC (NYSE:BCS) by 5.0% during the 4th quarter, Holdings Channel reports. The firm owned 36,228 shares of the financial services provider’s stock after buying an additional 1,732 shares during the period. OLD National Bancorp IN’s holdings in Barclays were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Barclays by 147.5% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,121,462 shares of the financial services provider’s stock valued at $16,526,000 after buying an additional 1,264,134 shares in the last quarter. Causeway Capital Management LLC grew its holdings in Barclays by 19.5% during the 3rd quarter. Causeway Capital Management LLC now owns 4,042,661 shares of the financial services provider’s stock valued at $31,492,000 after buying an additional 658,639 shares in the last quarter. Natixis Advisors L.P. grew its holdings in Barclays by 16.7% during the 3rd quarter. Natixis Advisors L.P. now owns 2,520,873 shares of the financial services provider’s stock valued at $19,638,000 after buying an additional 360,390 shares in the last quarter. Ramirez Asset Management Inc. purchased a new position in Barclays during the 3rd quarter valued at approximately $2,416,000. Finally, Rathbones Group PLC purchased a new position in Barclays during the 3rd quarter valued at approximately $2,063,000. Institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

BCS opened at $10.36 on Friday. The business has a fifty day moving average of $9.10 and a 200 day moving average of $7.94. Barclays PLC has a 52-week low of $6.23 and a 52-week high of $10.45. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.63. The stock has a market cap of $39.26 billion, a P/E ratio of 7.56, a PEG ratio of 0.37 and a beta of 1.48.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Tuesday, February 20th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.39). Barclays had a net margin of 16.82% and a return on equity of 6.09%. The business had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.38 billion. As a group, sell-side analysts anticipate that Barclays PLC will post 1.58 EPS for the current year.

Barclays Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 1st were issued a dividend of $0.2671 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a yield of 4.6%. This is a boost from Barclays’s previous semi-annual dividend of $0.14. Barclays’s payout ratio is presently 37.96%.

Analysts Set New Price Targets

Separately, StockNews.com cut Barclays from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $190.00.

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.