Concurrent Investment Advisors LLC Boosts Stake in Barclays PLC (NYSE:BCS)

Concurrent Investment Advisors LLC raised its holdings in Barclays PLC (NYSE:BCS) by 97.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,512 shares of the financial services provider’s stock after acquiring an additional 10,137 shares during the period. Concurrent Investment Advisors LLC’s holdings in Barclays were worth $273,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BCS. Public Employees Retirement System of Ohio bought a new stake in shares of Barclays during the 3rd quarter worth $52,335,000. Natixis Advisors LLC raised its position in Barclays by 286.1% during the third quarter. Natixis Advisors LLC now owns 3,565,033 shares of the financial services provider’s stock valued at $43,315,000 after purchasing an additional 2,641,608 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of Barclays in the 4th quarter worth about $21,514,000. Allspring Global Investments Holdings LLC increased its position in shares of Barclays by 3,073.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider’s stock valued at $9,052,000 after purchasing an additional 667,687 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Barclays by 11.6% during the 3rd quarter. FMR LLC now owns 6,432,007 shares of the financial services provider’s stock valued at $78,149,000 after buying an additional 667,498 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Barclays from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th.

Barclays Price Performance

BCS stock opened at $15.46 on Wednesday. Barclays PLC has a 1 year low of $8.37 and a 1 year high of $15.65. The company has a debt-to-equity ratio of 5.33, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day moving average of $14.17 and a 200 day moving average of $13.11. The company has a market cap of $55.72 billion, a P/E ratio of 8.40, a PEG ratio of 0.39 and a beta of 1.40.

Barclays (NYSE:BCS) last released its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. On average, sell-side analysts forecast that Barclays PLC will post 2 EPS for the current year.

Barclays Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Friday, February 28th will be given a dividend of $0.2737 per share. This is an increase from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date is Friday, February 28th. This represents a yield of 2.7%. Barclays’s dividend payout ratio is 28.80%.

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.