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Barclays is a major bank providing a variety of financial products and services throughout the United Kingdom as well as Europe, North and South America, Africa, the Asia Pacific region, and the Middle East. In addition to retail banking, the company offers investment banking and wealth management including investment services. It is based in London.
The stock has attracted many large institutional investors, many of which offer financial services themselves. This inter-connectedness of the financial services industry demonstrates how much influence one company has over other companies in the same space.
Let’s look at some of Barclays’ largest shareholders. All share figures are current as of March 31, 2019.
Key Takeaways
- Barclays is a major bank providing a variety of financial products and services throughout the world.
- In addition to retail banking, the company offers investment banking and wealth management including investment services.
- The stock has attracted many large institutional investors, many of which offer financial services themselves.
Dimensional Fund Advisors
Dimensional Fund Advisors is Barclays’ largest shareholder. It owned 16,149,521 shares, representing a value of $112 million. Dimensional was founded in 1981. A private investment firm, it is based in Austin, Texas. The firm has more than 1,400 employees in 13 offices around the world as of June 30, 2019. The firm has $586 billion in assets under management (AUM). Client range from institutional to individual investors. Investment offerings include mutual funds, retirement plans, and college savings plans.
Dimensional has positions in many large corporations. Its largest holdings include Apple, Microsoft, and AT&T, with its largest weighting in the financials, technology, and consumer cyclicals sectors.
Eagle Capital Management
Eagle Capital Management is an asset management firm based in New York City. The company has a long-term investment philosophy, which it’s been applying for more than 25 years. Its signature Eagle Equity portfolio was created in 1988, and has been managed using the same investment philosophy. According to the company’s website, the portfolio typically invests in large cap stocks with a low turnover, long-term investment time horizon.
Eagle Capital owns 15,952,113 Barclays shares, valued at more than $111 million. The firm also has positions in Microsoft, Alphabet, and Berkshire Hathaway.
Northern Trust Corp.
This is a financial services firm based in Chicago, and provides investment services to corporations, high-net-worth individuals, and institutional investors. As of June 30, 2019, the firm had $1.2 trillion in assets under management, with a presence in more than 20 countries around the world and more than 18,000 employees on the payroll.
Northern Trust owned 6,116,698 shares of Barclays. The holdings are worth more than $42.4 million dollars.
Northern Trust is one of the largest banks in the United States.
Deutsche Bank
The Frankfurt, Germany-based investment bank is also a financial services firm. It currently has operations in almost 60 different countries, primarily in Europe, the Americas, and Asia. The company employs more than 91,000 people. Deutsche Bank offers investment banking, corporate banking, asset management, private banking, and commercial banking to corporate, institutional, high-net-worth, and individual investors.
The bank was listed as owning 5,811,994 shares of Barclays, valued at over $40.3 million.
Parametric Portfolio Associates
Parametric Portfolio has $246 billion in assets under management for wealth management and institutional clients. The firm’s managers have an average of 13 years of industry experience.
It owns 4,271,115 shares of Barclay’s. The value of this investment is approximately $29.6 million. Parametric’s top three holdings are Microsoft, Amazon, and iShares Exponential Technology ETF, and is heavily invested in technology, consumer cyclicals, and healthcare.
T. Rowe Price Associates
This global asset management firm has clients in 49 different countries with $1.13 trillion in assets under management. The firm offers funds, advisory services, retirement plans, and account management services for a variety of clients including institutional and individual investors. The firm owns 3,848,037 shares of Barclays, worth $26.7 million.
Causeway Capital Management
Causeway Capital was founded in 2001. This global equity management firm has $52 billion in assets under management, and more than 100 employees including 36 investment professionals. The firm focuses on value through fundamental research, as well as quantitative research with a focus on multi-factor alpha and risk management.
Causeway’s stake in Barclays is worth more than $26.5 million worth of Barclays stock. This totals 3,823,157 shares.
The Bottom Line
Barclays Bank is an investor, and it, in turn, attracts investors who represent other investors. A look at the top shareholders in this bank reveals that the bulk of the wealth generated by Barclays is making money for investment companies and their clients. As you can see, the top seven shareholders are all institutional investors.
During the financial crisis of 2008, many people were surprised at the domino effect of one bank failing and causing other institutions to suffer. An in-depth look at the top investors in Barclays reveals the interconnectedness of the investment industry.
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