JPMorgan Chase & Co. Trims Stake in Barclays PLC (NYSE:BCS)

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JPMorgan Chase & Co. trimmed its position in shares of Barclays PLC (NYSE:BCS) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,089,871 shares of the financial services provider’s stock after selling 46,259 shares during the period. JPMorgan Chase & Co.’s holdings in Barclays were worth $16,698,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BCS. Advisory Research Inc. purchased a new position in shares of Barclays during the fourth quarter worth approximately $21,422,000. Bank of New York Mellon Corp increased its stake in shares of Barclays by 13.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,889,569 shares of the financial services provider’s stock valued at $15,097,000 after buying an additional 225,604 shares during the period. Aperio Group LLC raised its holdings in shares of Barclays by 2.6% in the fourth quarter. Aperio Group LLC now owns 1,839,364 shares of the financial services provider’s stock valued at $14,697,000 after acquiring an additional 46,604 shares in the last quarter. Morgan Stanley lifted its stake in Barclays by 7.4% in the fourth quarter. Morgan Stanley now owns 732,062 shares of the financial services provider’s stock worth $5,850,000 after acquiring an additional 50,223 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in Barclays by 2.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 271,239 shares of the financial services provider’s stock valued at $2,167,000 after purchasing an additional 7,547 shares during the period. Institutional investors and hedge funds own 1.89% of the company’s stock.

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Barclays in a research report on Monday. Credit Suisse Group raised shares of Barclays from a “neutral” rating to an “outperform” rating in a report on Monday, March 22nd. The Goldman Sachs Group raised Barclays from a “neutral” rating to a “buy” rating in a research report on Thursday, March 18th. Berenberg Bank restated a “buy” rating on shares of Barclays in a report on Thursday, January 28th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Barclays in a research report on Tuesday, February 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Barclays presently has an average rating of “Hold”.

Shares of NYSE BCS opened at $10.35 on Tuesday. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.52 and a current ratio of 1.50. The firm has a fifty day moving average of $9.79 and a 200 day moving average of $7.73. The firm has a market cap of $44.90 billion, a PE ratio of 17.85, a PEG ratio of 4.13 and a beta of 1.58. Barclays PLC has a one year low of $4.20 and a one year high of $10.42.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Thursday, February 18th. The financial services provider reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.12). Barclays had a net margin of 9.05% and a return on equity of 3.22%. The company had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.19 billion. On average, equities analysts predict that Barclays PLC will post 0.43 EPS for the current fiscal year.

The company also recently declared a semi-annual dividend, which was paid on Thursday, April 1st. Investors of record on Friday, February 26th were given a dividend of $0.0555 per share. This represents a dividend yield of 0.6%. The ex-dividend date was Thursday, February 25th. Barclays’s payout ratio is 4.00%.

Barclays Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, rest of Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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