Will This Negative Report on Barclays Anger These Top Institutional Shareholders?

Barclays (NYSE:BCS) has experienced “a lack of self-awareness” in recent years because of high pay and short-term incentives that brought the bank into disrepute, stated an independent report by lawyer and investment banker Anthony Salz, Dow Jones reported. The Salz Review was commissioned by Barclays’ former chairman after the bank admitted to its attempts to rig interbank interest rates last summer, andit describes how in 10 years the lender expanded becoming a disparate set of businesses, each with its own separate culture. ”The result of this growth was that Barclays became complex to manage,” the report published Wednesday said. “Despite some attempts to establish group-wide values, the culture that emerged tended to favor transactions over relationships, the short term over sustainability, and financial over other business purposes.”

These institutional firms indicated owning shares of Barclays in Q1 2013. They reported owning a total of 428,453 shares on 03/31/2013. The shares closed at $17.76 on 03/31/2013.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

Here are the ten largest positions in Barclays at the end of March 31, 2013.

Kempner Capital Management Inc. held 239,535 shares on 03/31/2013 worth $4,254,000. This brought the portfolio total to 1.7 percent.

Calvert Investment Management Inc. held 169,642 shares on 03/31/2013 worth $3,013,000. This brought the portfolio total to 0.42 percent.

Texas Capital Bancshares Inc/TX held 19,276 shares on 03/31/2013 worth $342,000. This brought the portfolio total to 0.35 percent.

Price T Rowe Associates Inc /MD/ held 11,777,588 shares on 12/31/2012 worth $203,987,821. This brought the portfolio total to 0.06 percent.

Scout Investments Inc. held 11,625,844 shares on 12/31/2012 worth $201,359,615. This brought the portfolio total to 2.76 percent.

Dimensional Fund Advisors LP held 10,885,355 shares on 12/31/2012 worth $188,534,345. This brought the portfolio total to 0.21 percent.

Managed Account Advisors LLC held 3,310,796 shares on 12/31/2012 worth $57,342,986. This brought the portfolio total to 0.1 percent.

Citigroup Inc held 3,247,183 shares on 12/31/2012 worth $56,241,209. This brought the portfolio total to 0.06 percent.

Arrowstreet Capital Limited Partnership held 2,318,636 shares on 12/31/2012 worth $40,158,775. This brought the portfolio total to 0.36 percent.

First Trust Advisors LP held 2,214,397 shares on 12/31/2012 worth $38,353,355. This brought the portfolio total to 0.27 percent.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

More Articles About:   ,