Fisher Asset Management LLC Acquires 2,964,420 Shares of Barclays PLC $BCS

Fisher Asset Management LLC lifted its stake in Barclays PLC (NYSE:BCS) by 3.6% during the third quarter, HoldingsChannel reports. The firm owned 86,027,312 shares of the financial services provider’s stock after purchasing an additional 2,964,420 shares during the period. Fisher Asset Management LLC’s holdings in Barclays were worth $1,778,185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its position in Barclays by 1.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 42,600 shares of the financial services provider’s stock valued at $881,000 after buying an additional 482 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in Barclays by 4.4% in the third quarter. Ashton Thomas Private Wealth LLC now owns 16,158 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 685 shares in the last quarter. Prospera Financial Services Inc increased its holdings in Barclays by 3.4% during the 2nd quarter. Prospera Financial Services Inc now owns 21,526 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 699 shares during the period. SBI Securities Co. Ltd. raised its position in Barclays by 13.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,425 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 751 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Barclays by 3.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 24,518 shares of the financial services provider’s stock worth $456,000 after buying an additional 781 shares during the period. Institutional investors own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a research note on Tuesday, December 23rd. Morgan Stanley restated an “overweight” rating on shares of Barclays in a report on Wednesday, February 11th. Zacks Research raised shares of Barclays from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Friday, February 13th. Finally, Citigroup reissued a “neutral” rating on shares of Barclays in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Barclays Price Performance

NYSE:BCS opened at $24.26 on Monday. The firm’s fifty day moving average is $25.95 and its two-hundred day moving average is $22.90. Barclays PLC has a one year low of $12.14 and a one year high of $27.70. The firm has a market cap of $83.77 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.45 and a beta of 0.95. The company has a debt-to-equity ratio of 5.45, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS) last released its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Barclays had a net margin of 21.91% and a return on equity of 8.33%. Research analysts expect that Barclays PLC will post 2 EPS for the current year.

Barclays Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th will be given a dividend of $0.3069 per share. This represents a dividend yield of 236.0%. The ex-dividend date of this dividend is Friday, February 20th. Barclays’s payout ratio is presently 26.20%.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.