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 can have on other companies in the same space.
Let’s look at some of Barclays' largest shareholders. All share figures are current as of March 30, 2017, which was the last reporting date for companies that are invested in Barclays.
1. Blackrock Inc.
Blackrock is Barclays' largest shareholder. It owned 10,778,503 shares as of March 30, 2017. Blackrock is an investment management company. It manages investments for institutional investors, including corporations, publicly owned companies, unions, insurance companies, mutual funds, pension plans, government investors, charities, and banks. The value of Blackrock's Barclays stock exceeds $280 million.
2. Invesco Ltd.
Invesco is another investment management company. It handles investments for high-net-worth individuals as well as institutions. Invesco operates a number of mutual funds, and through these funds, it invests in equities. It owns 7,128,792 Barclays shares, valued at more than $185 million.
3. Manufacturers Life Insurance Co.
This is a privately held company that offers life insurance to individuals throughout the worlds. It also provides wealth management for businesses and institutions. In addition, it provides mutual funds. Manufacturers Life Insurance owned 2,565,600 shares of Barclays as of March 30, 2017. The holdings are worth more than $66 million dollars.
4. Cohen & Steers
This company manages investments. It focuses on real estate, infrastructure, commodities, and natural resource investments. Cohen & Steers claims to have over $61 billion in assets under management. It operates out of New York but has offices in London, Tokyo, Hong Kong, and Seattle. Cohen & Steers owns 1,375,966 shares of Barclays as of March 30, 2017, valued at over $35 million.
5. Bank of America Corporation
Despite its name, this bank actually extends far beyond the boundaries of the United States through its Global and Wealth Management division, as well as Global Banking and Global Markets. Bank of America Corporation provides banking and financial services to individuals, businesses, institutional investors, corporations, and governments. Bank of America owns 668,242 shares of Barclay’s. The value of this investment is approximately $17 million.
6. Morgan Stanley
This holding company offers financial services to a variety of large investors, including corporations and governments in America and Europe, as well as the Middle East, Africa, and the Asia Pacific region. It is known for its wealth management expertise, and for its mergers and acquisitions advisory capacity. Morgan Stanley owns 656,067 shares of Barclays, worth $17 million.
7. Global X Management Company LLC
This company creates and offers exchange-traded funds to investors worldwide. It claims nearly $6 billion in assets under management. J.P. Morgan is invested in this company. Global X Management owns more than $12 million worth of stock in Barclays. This totals 454,446 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.