Public Employees Retirement System of Ohio Acquires Shares of 368,120 Barclays PLC $BCS

Public Employees Retirement System of Ohio bought a new position in Barclays PLC (NYSE:BCS) during the 2nd quarter, Holdings Channel.com reports. The fund bought 368,120 shares of the financial services provider’s stock, valued at approximately $9,888,000.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC purchased a new stake in Barclays in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Barclays during the fourth quarter valued at about $26,000. SHP Wealth Management bought a new stake in shares of Barclays in the fourth quarter worth about $28,000. Advocate Investing Services LLC purchased a new stake in shares of Barclays in the fourth quarter worth about $33,000. Finally, First Pacific Financial boosted its stake in Barclays by 3,036.4% during the first quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,670 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Price Performance

NYSE:BCS opened at $26.65 on Tuesday. The firm has a market capitalization of $89.93 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.47 and a beta of 1.00. The company has a debt-to-equity ratio of 5.76, a current ratio of 1.46 and a quick ratio of 1.46. The business has a 50 day simple moving average of $27.48 and a 200-day simple moving average of $24.91. Barclays PLC has a 1 year low of $19.28 and a 1 year high of $28.68.

Barclays (NYSE:BCS) last released its earnings results on Monday, July 27th. The financial services provider reported $0.90 earnings per share 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 for the quarter, compared to the consensus estimate of $10.78 billion. Equities analysts forecast that Barclays PLC will post 2.83 EPS for the current year.

Barclays Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th will be given a dividend of $0.3134 per share. The ex-dividend date is Friday, August 7th. This represents a yield of 224.0%. Barclays’s payout ratio is 22.39%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th. Weiss Ratings raised shares of Barclays from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research report on Thursday, July 2nd. Finally, Berenberg Bank assumed coverage on shares of Barclays in a research note on Wednesday, June 24th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.