Barclays PLC (NYSE:BCS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Barclays PLC (NYSE:BCS) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

A number of analysts have recently issued reports on the stock. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Thursday, July 2nd. Berenberg Bank started coverage on shares of Barclays in a report on Wednesday, June 24th. They issued a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a research note on Friday, July 17th.

Barclays Trading Up 6.4%

Shares of NYSE:BCS opened at $27.70 on Tuesday. The company has a debt-to-equity ratio of 5.76, a current ratio of 1.46 and a quick ratio of 1.44. Barclays has a 1 year low of $18.79 and a 1 year high of $28.67. The company has a market cap of $94.43 billion, a P/E ratio of 10.34, a PEG ratio of 0.44 and a beta of 1.00. The stock’s fifty day moving average price is $26.38 and its 200-day moving average price is $24.73.

Barclays (NYSE:BCS) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Barclays had a return on equity of 8.80% and a net margin of 22.27%.The company had revenue of $10.95 billion during the quarter, compared to the consensus estimate of $10.78 billion. Sell-side analysts expect that Barclays will post 2.86 earnings per share for the current year.

Barclays Announces Dividend

The company also recently disclosed 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 dividend yield of 233.0%. Barclays’s payout ratio is presently 24.17%.

Institutional Trading of Barclays

A number of hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC grew its stake in shares of Barclays by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock valued at $2,284,139,000 after purchasing an additional 3,722,757 shares during the period. Bank of America Corp DE lifted its stake in shares of Barclays by 2.3% in the 1st quarter. Bank of America Corp DE now owns 8,691,765 shares of the financial services provider’s stock worth $183,918,000 after purchasing an additional 199,130 shares during the period. Norges Bank purchased a new position in shares of Barclays in the fourth quarter worth approximately $141,248,000. Ameriprise Financial Inc. grew its position in Barclays by 793.5% during the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock valued at $99,073,000 after buying an additional 4,242,360 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Barclays during the first quarter valued at approximately $81,762,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Company Profile

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.