Barclays (NYSE:BCS) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Barclays (NYSE:BCS) in a research report report published on Tuesday morning, MarketBeat reports. The firm issued a buy rating on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Kepler Capital Markets started coverage on Barclays in a research note on Thursday, September 5th. They set a buy rating for the company. StockNews.com upgraded shares of Barclays from a hold rating to a buy rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, Barclays currently has a consensus rating of Moderate Buy.

Barclays Stock Up 1.5 %

Shares of NYSE:BCS opened at $12.45 on Tuesday. Barclays has a 1-year low of $6.23 and a 1-year high of $12.49. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $45.58 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.68 and a beta of 1.42. The firm has a fifty day moving average price of $11.80 and a 200 day moving average price of $11.06.

Barclays (NYSE:BCS) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $7.98 billion during the quarter. Barclays had a net margin of 16.83% and a return on equity of 5.94%. During the same quarter last year, the company posted $0.43 EPS. Sell-side analysts predict that Barclays will post 1.63 EPS for the current year.

Barclays Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 16th were issued a dividend of $0.2684 per share. This represents a yield of 3.6%. The ex-dividend date was Friday, August 16th. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio is currently 22.56%.

Institutional Investors Weigh In On Barclays

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ACR Alpine Capital Research LLC raised its position in shares of Barclays by 14.8% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,069,922 shares of the financial services provider’s stock worth $10,111,000 after purchasing an additional 138,064 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Barclays in the 2nd quarter valued at $559,000. Bayesian Capital Management LP purchased a new position in Barclays in the first quarter valued at about $947,000. Sei Investments Co. lifted its position in Barclays by 26.0% during the 1st quarter. Sei Investments Co. now owns 1,238,789 shares of the financial services provider’s stock worth $11,706,000 after acquiring an additional 255,300 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Barclays by 1,502.3% in the first quarter. Acadian Asset Management LLC now owns 1,346,178 shares of the financial services provider’s stock valued at $12,711,000 after purchasing an additional 1,262,165 shares during the period. Institutional investors and hedge funds 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.