Barclays PLC (BCS) Lowered to Neutral at BNP Paribas

BNP Paribas downgraded shares of Barclays PLC (NYSE:BCS) from an outperform rating to a neutral rating in a research report report published on Thursday, October 5th, MarketBeat.com reports.

Other equities analysts have also issued reports about the company. ValuEngine raised Barclays PLC from a hold rating to a buy rating in a report on Monday, October 2nd. Morgan Stanley reissued a buy rating on shares of Barclays PLC in a report on Tuesday, July 18th. Deutsche Bank AG reissued a buy rating on shares of Barclays PLC in a report on Monday, August 14th. BidaskClub raised Barclays PLC from a sell rating to a hold rating in a report on Wednesday, June 28th. Finally, Zacks Investment Research raised Barclays PLC from a sell rating to a hold rating in a report on Tuesday, September 26th. Eight equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $10.24.

Barclays PLC (BCS) opened at 10.07 on Thursday. The firm’s market capitalization is $42.93 billion. Barclays PLC has a one year low of $8.18 and a one year high of $12.05. The firm has a 50-day moving average price of $10.06 and a 200-day moving average price of $10.54.

Barclays PLC (NYSE:BCS) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.22 billion. Barclays PLC had a negative net margin of 2.65% and a positive return on equity of 2.57%. Equities analysts anticipate that Barclays PLC will post $0.86 earnings per share for the current 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 issued a $0.051 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a dividend yield of 1.95%. Barclays PLC’s payout ratio is currently -88.23%.

In related news, major shareholder Plc Barclays purchased 50 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were acquired at an average cost of $100,000.00 per share, with a total value of $5,000,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.02% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. National Asset Management Inc. increased its stake in shares of Barclays PLC by 0.5% in the first quarter. National Asset Management Inc. now owns 14,854 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 80 shares during the last quarter. Strategic Global Advisors LLC increased its stake in shares of Barclays PLC by 0.6% in the second quarter. Strategic Global Advisors LLC now owns 16,415 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 94 shares during the last quarter. State Street Corp increased its stake in shares of Barclays PLC by 0.4% in the second quarter. State Street Corp now owns 27,113 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 100 shares during the last quarter. HPM Partners LLC increased its stake in shares of Barclays PLC by 1.8% in the second quarter. HPM Partners LLC now owns 11,545 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 203 shares during the last quarter. Finally, Earnest Partners LLC increased its stake in shares of Barclays PLC by 2.5% in the first quarter. Earnest Partners LLC now owns 24,910 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 619 shares during the last quarter. 2.47% of the stock is currently owned by institutional investors and hedge funds.

About Barclays PLC

Analyst Recommendations for Barclays PLC (NYSE:BCS)

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