Truist Financial Corp Raises Holdings in Barclays PLC (NYSE:BCS)

Truist Financial Corp boosted its stake in shares of Barclays PLC (NYSE:BCS) by 15.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,505 shares of the financial services provider’s stock after acquiring an additional 4,596 shares during the quarter. Truist Financial Corp’s holdings in Barclays were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of BCS. Public Employees Retirement System of Ohio purchased a new stake in Barclays during the 3rd quarter valued at about $52,335,000. Natixis Advisors LLC boosted its holdings in Barclays by 286.1% during the 3rd quarter. Natixis Advisors LLC now owns 3,565,033 shares of the financial services provider’s stock valued at $43,315,000 after acquiring an additional 2,641,608 shares during the period. ABC Arbitrage SA purchased a new stake in Barclays during the 4th quarter valued at about $21,514,000. Allspring Global Investments Holdings LLC lifted its holdings in Barclays by 3,073.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider’s stock worth $9,052,000 after buying an additional 667,687 shares during the period. Finally, FMR LLC lifted its holdings in Barclays by 11.6% in the 3rd quarter. FMR LLC now owns 6,432,007 shares of the financial services provider’s stock worth $78,149,000 after buying an additional 667,498 shares during the period. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Barclays Stock Performance

BCS opened at $15.84 on Tuesday. The stock has a market cap of $57.11 billion, a PE ratio of 8.61, a PEG ratio of 0.39 and a beta of 1.41. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.33. The business has a 50 day moving average of $14.39 and a 200-day moving average of $13.23. Barclays PLC has a 52 week low of $8.63 and a 52 week high of $16.23.

Barclays (NYSE:BCS) last released its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. Equities research analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, February 28th will be paid a $0.2737 dividend. This represents a dividend yield of 2.7%. The ex-dividend date is Friday, February 28th. This is a boost from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio (DPR) is presently 28.80%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Barclays from a “buy” rating to a “hold” rating in a report on Thursday, February 27th.

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.