finance
monthly
Personal Finance. Money. Investing.
Contribute
Newsletter
Corporate

Barclays Shares Plummet After Top Investor Sells $1.2 Billion Stake

On Tuesday, shares in British bank Barclays plummeted as much as 6% in early trading after one of its top investors sold $1.2 billion worth of stock.

Posted: 30th March 2022 by
Finance Monthly
Share this article

Facilitated by Goldman Sachs, the unnamed top investor sold 599 million shares on Monday evening, approximately equivalent to a 3.6% stake. This comes as a further knock to the British bank after it revealed a compliance error for overselling structured products in the US that led to a loss of around £450 million.  

On Tuesday, Barclays shares were down at 3.3% after falling 4% on Monday. 

According to Eikon data, Monday also saw Capital Group, one of the world’s largest investment firms, sell 399 million Barclays shares. However, there’s presently no proof to suggest the move by Capital Group was connected to the top investor’s $1.2 billion sale.

Other key Barclays shareholders include Qatar Investment Authority (QIA) and Blackrock. According to Eikon data, these each have an approximate 3% stake in the British bank. 

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram