Barclays PLC (NYSE:BCS) Given Average Rating of “Hold” by Analysts

Barclays PLC (NYSE:BCS) has earned an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

BCS has been the topic of several recent research reports. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Berenberg Bank assumed coverage on Barclays in a research report on Wednesday, June 24th. They set a “buy” rating on the stock. Weiss Ratings raised Barclays from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Bank of America downgraded Barclays from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 1st. Finally, Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th.

Hedge Funds Weigh In On Barclays

Several hedge funds and other institutional investors have recently made changes to their positions in BCS. Syon Capital LLC boosted its position in Barclays by 1.3% in the second quarter. Syon Capital LLC now owns 34,667 shares of the financial services provider’s stock valued at $931,000 after buying an additional 454 shares in the last quarter. Greenspring Advisors LLC increased its holdings in shares of Barclays by 4.0% during the second quarter. Greenspring Advisors LLC now owns 13,243 shares of the financial services provider’s stock worth $356,000 after buying an additional 506 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of Barclays by 13.6% in the 4th quarter. Root Financial Partners LLC now owns 4,315 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 517 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Barclays by 2.7% during the 4th quarter. Parallel Advisors LLC now owns 19,703 shares of the financial services provider’s stock valued at $501,000 after acquiring an additional 520 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Barclays by 2.6% during the 1st quarter. Bleakley Financial Group LLC now owns 22,623 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 578 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Up 0.1%

BCS stock opened at $24.91 on Wednesday. Barclays has a fifty-two week low of $19.29 and a fifty-two week high of $28.68. 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 stock has a market capitalization of $84.05 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 0.52 and a beta of 0.99. The business’s fifty day moving average price is $27.18 and its two-hundred day moving average price is $24.98.

Barclays (NYSE:BCS) last released 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. The business had revenue of $10.95 billion for the quarter, compared to the consensus estimate of $10.78 billion. Barclays had a net margin of 22.27% and a return on equity of 8.80%. On average, equities analysts anticipate that Barclays will post 2.85 earnings per share for the current year.

Barclays Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th were paid a dividend of $0.3134 per share. This represents a yield of 224.0%. The ex-dividend date was Friday, August 7th. Barclays’s dividend payout ratio is presently 22.76%.

About Barclays

Barclays PLC (NYSE: BCS) is a diversified financial services company headquartered in London, United Kingdom. Founded in 1690, it has developed from a London-based banking business into an international group serving individuals, businesses, institutions and governments.

Barclays’ principal activities include consumer and business banking, residential mortgages, savings and lending products, credit cards, payments, and wealth management. Through its investment banking operations, the company provides corporate finance, mergers and acquisitions advice, equity and debt underwriting, markets services, research, risk management and other advisory services to corporate, institutional and government clients.

The company serves customers primarily in the United Kingdom and the United States, while its corporate, investment banking and markets activities operate across major financial centers worldwide.