Barclays PLC (NYSE:BCS) Given Average Rating of “Moderate Buy” by Brokerages

Barclays PLC (NYSE:BCS) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company.

A number of research firms have recently commented on BCS. Weiss Ratings raised Barclays from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Berenberg Bank began coverage on shares of Barclays in a research note on Wednesday, June 24th. They set a “buy” rating on the stock. Morgan Stanley reissued 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 report on Thursday, July 16th. Finally, Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th.

Institutional Trading of Barclays

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in Barclays during the 4th quarter worth $141,248,000. Ameriprise Financial Inc. lifted its position in shares of Barclays by 793.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after acquiring an additional 4,242,360 shares during the period. Renaissance Technologies LLC acquired a new stake in Barclays during the first quarter worth $81,762,000. Fisher Asset Management LLC increased its holdings in Barclays by 4.3% in the 4th 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 buying an additional 3,722,757 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Barclays by 7,013.1% in the second quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock valued at $31,071,000 after acquiring an additional 1,647,872 shares during the period. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Trading Up 0.1%

Shares of NYSE:BCS opened at $26.91 on Friday. The company has a 50 day moving average of $27.50 and a 200-day moving average of $24.92. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.76. The firm has a market cap of $90.81 billion, a P/E ratio of 10.04, a P/E/G ratio of 0.47 and a beta of 1.00. Barclays has a twelve month low of $19.28 and a twelve month high of $28.68.

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

Barclays Announces Dividend

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

Barclays Company Profile

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.