Sei Investments Reduces $1M in Barclays PLC ($BCS)

Sei Investments has trimmed its stake in Barclays PLC (NYSE: BCS), according to its latest 13F filing with the SEC. The investment firm reduced its holdings by 41,393 shares, bringing its total to 3,484,063 shares valued at approximately $93.1 million as of the reporting period. This move reflects a 1.2% decrease in its position.

What Changed in Sei Investments' Barclays PLC Position

Sei Investments reduced its holdings in Barclays PLC, cutting 41,393 shares from its portfolio. This adjustment brought its total shares to 3,484,063, with the stake valued at about $93.1 million. The reduction represents a 1.2% decrease in share count from the previous total.

Other Institutional Activity in Barclays PLC

Several other institutional investors also made adjustments to their Barclays PLC holdings. Fisher Asset Management increased its position by 1,700,781 shares, ending with 91,450,850 shares valued at approximately $1.94 billion, a 1.9% increase. Acadian Asset Management, on the other hand, cut its holdings by 3,336,158 shares, reducing its stake by 17.5% to 15,781,238 shares worth about $333.9 million. Morgan Stanley also trimmed its position by 987,818 shares, a 7.9% decrease, leaving it with 11,533,737 shares valued at $244.1 million. Meanwhile, FMR LLC and Natixis Advisors, LLC increased their holdings by 645,463 and 444,930 shares, respectively, with FMR LLC's stake at 9,155,102 shares and Natixis Advisors at 9,111,400 shares.

Barclays PLC Stock Down 0.5%

Shares of Barclays PLC traded near $26.72 on Sunday. The company boasts a market capitalization of approximately $90.1 billion and a P/E ratio of 11.7. Barclays has a 52-week low of $17.73 and a high of $27.70. Its 50-day moving average stands at $24.24, while the 200-day moving average is $23.29. The stock's beta is 0.899, indicating less volatility compared to the broader market.

Recent Earnings

Barclays PLC reported revenues of $27.1 billion, reflecting a growth of 3.9%. The company's net margin is 26.8%, with a return on equity of 9.6%. Earnings per share (EPS) stood at $2.28. The next earnings release is expected on July 28, 2026.

Dividend

Barclays PLC offers an annual dividend rate of $0.46, yielding 1.72% based on current prices. The dividend payout ratio is a modest 19.6%, providing room for potential increases in the future.

Analysts Set New Price Targets

Analysts have provided mixed ratings on Barclays PLC. On April 26, 2024, Berenberg Bank maintained its buy rating with a price target of $14.00. Meanwhile, Bank of America Securities downgraded the stock to a sell with a $7.31 target on October 26, 2023. CFRA also maintained a sell rating with a $6.00 target on October 24, 2023. The consensus recommendation is a buy, with an average price target of $29.05 from four analysts.

About Barclays PLC

Barclays PLC is a global financial services company headquartered in London, UK. It operates through several segments, including Barclays UK, Barclays Corporate Bank, and Barclays Investment Bank. The company offers a wide range of financial products and services, including retail banking, investment banking, wealth management, and credit card services. Led by CEO Mr. Coimbatore Sundararajan Venkatakrishnan, Barclays employs approximately 93,000 people worldwide.

Bottom Line

Sei Investments' recent reduction in its Barclays PLC stake is part of its regular portfolio adjustments. Investors often watch these filings to gauge institutional sentiment, though it's important to remember that 13F filings are retrospective and may not reflect current positions. Barclays continues to be a significant player in the financial services sector, with diverse operations and a solid market presence.