Barclays PLC (NYSE:BCS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Barclays PLC (NYSE:BCS) have earned a consensus rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

BCS has been the topic of a number of research reports. Berenberg Bank initiated coverage on Barclays in a research report on Wednesday, June 24th. They set a “buy” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research report on Thursday, July 2nd. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Finally, Weiss Ratings upgraded shares of Barclays from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCS. Norges Bank bought a new position in Barclays during the 4th quarter valued at about $141,248,000. Ameriprise Financial Inc. increased its holdings in shares of Barclays by 793.5% during the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after buying an additional 4,242,360 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Barclays during the first quarter worth approximately $81,762,000. Fisher Asset Management LLC raised its stake in shares of Barclays by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock valued at $2,284,139,000 after acquiring an additional 3,722,757 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Barclays by 7,013.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock worth $31,071,000 after acquiring an additional 1,647,872 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Down 0.4%

BCS stock opened at $27.11 on Friday. Barclays has a twelve month low of $19.28 and a twelve month high of $28.68. The company has a market cap of $91.48 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.48 and a beta of 1.00. The business’s 50-day simple moving average is $27.47 and its 200 day simple moving average is $24.90. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.76.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. Barclays had a return on equity of 8.80% and a net margin of 22.27%.The firm had revenue of $10.95 billion during the quarter, compared to analysts’ expectations of $10.78 billion. On average, research analysts anticipate that Barclays will post 2.83 earnings per share for the current year.

Barclays Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be paid a $0.3134 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a yield of 224.0%. Barclays’s payout ratio is presently 22.39%.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.