Barclays PLC (NYSE:BCS) Receives Average Rating of “Moderate Buy” from Analysts

Barclays PLC (NYSE:BCS) has been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several research firms recently commented on BCS. Berenberg Bank assumed coverage on Barclays in a research note on Wednesday, June 24th. They issued a “buy” rating on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Weiss Ratings upgraded Barclays from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research report on Thursday, July 2nd. Finally, Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BCS. UMB Bank n.a. lifted its position in shares of Barclays by 25.6% during the fourth quarter. UMB Bank n.a. now owns 2,186 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 445 shares during the last quarter. Syon Capital LLC increased its holdings 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 during the last quarter. Arkadios Wealth Advisors raised its stake in Barclays by 3.5% during the fourth quarter. Arkadios Wealth Advisors now owns 14,886 shares of the financial services provider’s stock valued at $379,000 after buying an additional 498 shares in the last quarter. Greenspring Advisors LLC lifted its holdings in Barclays by 4.0% during the 2nd 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 during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in Barclays by 13.6% during the 4th quarter. Root Financial Partners LLC now owns 4,315 shares of the financial services provider’s stock worth $110,000 after buying an additional 517 shares during the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Stock Performance

Barclays stock opened at $26.97 on Friday. Barclays has a 12-month low of $19.28 and a 12-month high of $28.68. The company has a market capitalization of $91.01 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth 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 firm’s fifty day moving average price is $27.43 and its 200 day moving average price is $24.88.

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

Barclays Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be issued a $0.3134 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a yield of 224.0%. Barclays’s dividend payout ratio is currently 22.39%.

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.