Squarepoint Ops LLC Sells 106,763 Shares of Barclays PLC $BCS

Squarepoint Ops LLC lessened its position in Barclays PLC (NYSE:BCS) by 40.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 156,581 shares of the financial services provider’s stock after selling 106,763 shares during the quarter. Squarepoint Ops LLC’s holdings in Barclays were worth $4,206,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Barclays during the 4th quarter worth approximately $141,248,000. Ameriprise Financial Inc. lifted its position in shares of Barclays by 793.5% in the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after purchasing an additional 4,242,360 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Barclays during the first quarter worth $81,762,000. Fisher Asset Management LLC grew its position in Barclays by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock valued at $2,284,139,000 after purchasing an additional 3,722,757 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Barclays by 7,013.1% in the second quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock valued at $31,071,000 after purchasing an additional 1,647,872 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Performance

Shares of BCS opened at $26.71 on Friday. The firm has a 50-day moving average of $27.39 and a 200-day moving average of $24.96. Barclays PLC has a one year low of $19.29 and a one year high of $28.68. The company has a market cap of $90.12 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The company has a debt-to-equity ratio of 5.76, a current ratio of 1.46 and a quick ratio of 1.46.

Barclays (NYSE:BCS) last issued its earnings results on Monday, July 27th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Barclays had a net margin of 22.27% and a return on equity of 8.80%. The company had revenue of $10.95 billion for the quarter, compared to analysts’ expectations of $10.78 billion. As a group, equities analysts forecast that Barclays PLC will post 2.85 earnings per share for the current year.

Barclays Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be given a $0.3134 dividend. This represents a dividend yield of 224.0%. The ex-dividend date of this dividend is Friday, August 7th. Barclays’s dividend payout ratio (DPR) is presently 22.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Berenberg Bank assumed coverage on Barclays in a report on Wednesday, June 24th. They issued a “buy” rating for the company. Weiss Ratings raised Barclays from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Finally, Morgan Stanley downgraded Barclays from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, September 2nd. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Barclays has a consensus rating of “Hold”.

About Barclays

Barclays PLC (NYSE: BCS) is a diversified financial services company headquartered in London, United Kingdom. Founded in 1690, it has developed from a London-based banking business into an international group serving individuals, businesses, institutions and governments.

Barclays’ principal activities include consumer and business banking, residential mortgages, savings and lending products, credit cards, payments, and wealth management. Through its investment banking operations, the company provides corporate finance, mergers and acquisitions advice, equity and debt underwriting, markets services, research, risk management and other advisory services to corporate, institutional and government clients.

The company serves customers primarily in the United Kingdom and the United States, while its corporate, investment banking and markets activities operate across major financial centers worldwide.