Tue Sep 17 07:23:07 UTC 2024: ## Bank of New York Mellon Cuts Barclays Stake, Other Investors Adjust Holdings

**New York, NY -** Bank of New York Mellon Corp (BNY Mellon) trimmed its stake in Barclays PLC (BCS) by 3% during the second quarter, selling off 6,857 shares, according to a recent SEC filing. This leaves BNY Mellon with 219,336 shares of the financial services provider, valued at approximately $2.35 million.

While BNY Mellon reduced its holdings, other institutional investors made changes to their Barclays portfolios. Principal Securities Inc. purchased a new position in Barclays during the fourth quarter worth roughly $34,000. EverSource Wealth Advisors LLC increased its stake by 71.8% in the first quarter, now owning 3,647 shares valued at $37,000. GAMMA Investing LLC also expanded its holdings by 51.7% in the first quarter, bringing its total to 4,411 shares worth $42,000. EntryPoint Capital LLC and Lindbrook Capital LLC also acquired new stakes in Barclays during the first quarter, valued at $48,000 and $59,000 respectively.

Currently, institutional investors and hedge funds own 3.39% of Barclays stock.

Barclays shares opened at $11.85 on Tuesday, with a market capitalization of $43.89 billion. The company recently declared a semi-annual dividend of $0.2684, representing a yield of 3.6%. The ex-dividend date is Friday, August 16th, with payment scheduled for Friday, September 20th. This is a slight increase from Barclays’ previous dividend of $0.27.

Barclays’ financial performance has drawn attention from analysts. Kepler Capital Markets initiated coverage on the company with a “buy” rating on September 5th, while StockNews.com upgraded Barclays from “hold” to “buy” on July 9th. Overall, Barclays has received a “Moderate Buy” rating from analysts, according to MarketBeat.com.

Barclays PLC provides a wide range of financial services across the globe, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management.

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