Barclays PLC (BCS) Stock Rating Lowered by BNP Paribas
BNP Paribas cut shares of Barclays PLC (NYSE:BCS) from an outperform rating to a neutral rating in a report published on Thursday, MarketBeat.com reports.
A number of other research firms have also recently weighed in on BCS. Morgan Stanley reaffirmed a buy rating on shares of Barclays PLC in a research report on Tuesday, July 18th. BidaskClub cut Barclays PLC from a hold rating to a sell rating in a research report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating on shares of Barclays PLC in a research report on Friday, August 11th. Deutsche Bank AG reaffirmed a buy rating on shares of Barclays PLC in a research report on Monday, August 14th. Finally, ValuEngine raised Barclays PLC from a hold rating to a buy rating in a research report on Monday, October 2nd. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Barclays PLC presently has a consensus rating of Hold and an average price target of $9.86.
Barclays PLC (NYSE:BCS) opened at 9.98 on Thursday. Barclays PLC has a 12 month low of $8.02 and a 12 month high of $12.05. The company’s 50-day moving average price is $10.04 and its 200 day moving average price is $10.59. The stock’s market capitalization is $42.55 billion.
Barclays PLC (NYSE:BCS) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Barclays PLC had a positive return on equity of 2.57% and a negative net margin of 2.65%. The company had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.22 billion. On average, analysts forecast that Barclays PLC will post $0.86 earnings per share for the current fiscal year.
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The firm also recently announced a None dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 11th were paid a dividend of $0.051 per share. This represents a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, August 9th. Barclays PLC’s dividend payout ratio (DPR) is -88.23%.
In other news, major shareholder Plc Barclays sold 37 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $100,000.00, for a total transaction of $3,700,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.02% of the company’s stock.
Several hedge funds have recently modified their holdings of BCS. Park National Corp OH purchased a new position in shares of Barclays PLC during the 3rd quarter worth approximately $109,000. Fox Run Management L.L.C. purchased a new position in shares of Barclays PLC during the 2nd quarter worth approximately $110,000. Advisor Partners LLC purchased a new position in shares of Barclays PLC during the 2nd quarter worth approximately $119,000. HPM Partners LLC raised its stake in shares of Barclays PLC by 1.8% during the 2nd quarter. HPM Partners LLC now owns 11,545 shares of the financial services provider’s stock worth $122,000 after buying an additional 203 shares in the last quarter. Finally, MAI Capital Management raised its stake in shares of Barclays PLC by 21.8% during the 2nd quarter. MAI Capital Management now owns 12,619 shares of the financial services provider’s stock worth $134,000 after buying an additional 2,261 shares in the last quarter. 2.47% of the stock is owned by institutional investors and hedge funds.
Barclays PLC Company Profile
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