Barclays (NYSE:BCS) Reaches New 12-Month High at $10.69

Barclays PLC (NYSE:BCS) shares reached a new 52-week high on Tuesday . The stock traded as high as $10.69 and last traded at $10.66, with a volume of 2213973 shares traded. The stock had previously closed at $10.39.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com lowered shares of Barclays from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Barclays in a research report on Thursday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $190.00.

Barclays Stock Performance

The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 6.15. The stock has a market cap of $40.87 billion, a P/E ratio of 8.04, a PEG ratio of 0.39 and a beta of 1.43. The stock has a fifty day simple moving average of $9.48 and a 200-day simple moving average of $8.13.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Tuesday, February 20th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.39). The firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.38 billion. Barclays had a net margin of 17.21% and a return on equity of 6.13%. Equities analysts expect that Barclays PLC will post 1.58 earnings per share for the current fiscal year.

Barclays Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 1st were issued a $0.2671 dividend. This is an increase from Barclays’s previous semi-annual dividend of $0.14. This represents a dividend yield of 4.6%. The ex-dividend date was Thursday, February 29th. Barclays’s dividend payout ratio is 38.81%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC raised its holdings in shares of Barclays by 231.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock worth $18,306,000 after acquiring an additional 1,621,896 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Barclays by 147.5% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,121,462 shares of the financial services provider’s stock valued at $16,526,000 after purchasing an additional 1,264,134 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of Barclays by 65.9% during the fourth quarter. Brandes Investment Partners LP now owns 1,750,257 shares of the financial services provider’s stock worth $13,792,000 after buying an additional 695,502 shares during the period. Causeway Capital Management LLC raised its position in Barclays by 19.5% in the 3rd quarter. Causeway Capital Management LLC now owns 4,042,661 shares of the financial services provider’s stock valued at $31,492,000 after buying an additional 658,639 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Barclays in the 4th quarter valued at approximately $4,840,000. Institutional investors own 3.39% of the company’s stock.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.