Earnest Partners LLC Has $1.74 Million Stake in Barclays PLC (NYSE:BCS)

Earnest Partners LLC reduced its stake in shares of Barclays PLC (NYSE:BCS) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 162,239 shares of the financial services provider’s stock after selling 11,876 shares during the quarter. Earnest Partners LLC’s holdings in Barclays were worth $1,738,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in shares of Barclays by 1,362.1% during the 2nd quarter. Acadian Asset Management LLC now owns 19,682,115 shares of the financial services provider’s stock valued at $210,762,000 after acquiring an additional 18,335,937 shares in the last quarter. Renaissance Technologies LLC grew its stake in Barclays by 190.9% in the second quarter. Renaissance Technologies LLC now owns 3,661,086 shares of the financial services provider’s stock valued at $39,210,000 after purchasing an additional 2,402,500 shares in the last quarter. National Bank of Canada FI increased its position in Barclays by 6,028.3% in the 1st quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock worth $16,239,000 after purchasing an additional 1,690,339 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Barclays by 231.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock worth $18,306,000 after purchasing an additional 1,621,896 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Barclays by 118.7% during the 2nd quarter. Sei Investments Co. now owns 2,709,312 shares of the financial services provider’s stock valued at $29,017,000 after buying an additional 1,470,523 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BCS. StockNews.com raised shares of Barclays from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Kepler Capital Markets started coverage on Barclays in a report on Thursday, September 5th. They set a “buy” rating on the stock.

Barclays Trading Down 0.4 %

Shares of NYSE:BCS opened at $12.30 on Friday. The stock’s 50-day moving average is $11.76 and its 200-day moving average is $10.86. Barclays PLC has a 52-week low of $6.23 and a 52-week high of $12.49. The company has a market cap of $45.03 billion, a P/E ratio of 9.18, a P/E/G ratio of 0.66 and a beta of 1.43. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Barclays had a net margin of 16.83% and a return on equity of 5.94%. The business had revenue of $7.98 billion for the quarter. During the same quarter in the previous year, the business posted $0.43 EPS. Equities research analysts predict that Barclays PLC will post 1.68 earnings per share for the current year.

Barclays Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 16th were given a dividend of $0.2684 per share. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. This represents a dividend yield of 3.6%. The ex-dividend date was Friday, August 16th. Barclays’s payout ratio is 22.39%.

Barclays Company Profile

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.