Barclays PLC $BCS Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its stake in shares of Barclays PLC (NYSE:BCS) by 8,088.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 882,108 shares of the financial services provider’s stock after buying an additional 871,335 shares during the quarter. Invesco Ltd.’s holdings in Barclays were worth $13,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Barclays by 13.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 784,979 shares of the financial services provider’s stock worth $12,089,000 after buying an additional 95,566 shares during the period. Bessemer Group Inc. grew its position in Barclays by 1,539.6% during the first quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider’s stock worth $69,000 after buying an additional 4,234 shares during the period. Jefferies Financial Group Inc. acquired a new position in Barclays during the first quarter worth about $286,000. Janney Montgomery Scott LLC grew its position in Barclays by 52.0% during the first quarter. Janney Montgomery Scott LLC now owns 47,617 shares of the financial services provider’s stock worth $731,000 after buying an additional 16,293 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Barclays by 11.8% during the first quarter. PNC Financial Services Group Inc. now owns 123,492 shares of the financial services provider’s stock worth $1,897,000 after buying an additional 13,030 shares during the period. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup lowered shares of Barclays from a “buy” rating to a “neutral” rating in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Barclays from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Wednesday, July 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Barclays Stock Up 1.2%

Shares of NYSE BCS opened at $20.4550 on Friday. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $72.22 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.48 and a beta of 1.15. The firm’s 50-day moving average is $19.04 and its two-hundred day moving average is $16.98. Barclays PLC has a 12-month low of $11.22 and a 12-month high of $20.58.

Barclays (NYSE:BCS) last released its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. Equities analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be paid a $0.1557 dividend. This represents a yield of 210.0%. The ex-dividend date of this dividend is Friday, August 8th. Barclays’s payout ratio is presently 14.29%.

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.