Barclays (NYSE:BCS) Issues Earnings Results

Barclays PLC (NYSE:BCS) posted its quarterly earnings data on Monday. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01, Zacks reports. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.91 billion. Barclays had a return on equity of 8.33% and a net margin of 21.91%.

Barclays Stock Up 0.6%

Shares of NYSE:BCS traded up $0.15 on Wednesday, hitting $23.15. 2,490,912 shares of the company traded hands, compared to its average volume of 7,551,802. Barclays PLC has a 52 week low of $15.52 and a 52 week high of $27.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.45. The stock has a 50 day simple moving average of $22.73 and a 200-day simple moving average of $23.44. The company has a market cap of $79.83 billion, a PE ratio of 10.11, a PEG ratio of 0.44 and a beta of 0.97.

Barclays Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th were issued a dividend of $0.3069 per share. The ex-dividend date was Friday, February 20th. This represents a dividend yield of 236.0%. Barclays’s dividend payout ratio (DPR) is presently 25.33%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BCS shares. Zacks Research downgraded Barclays from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Wednesday. Erste Group Bank restated a “hold” rating on shares of Barclays in a report on Thursday, March 5th. Finally, Morgan Stanley restated an “overweight” rating on shares of Barclays in a report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

More Barclays News

Here are the key news stories impacting Barclays this week:

• Positive Sentiment: City brokers raised targets after Q1 results, arguing Barclays’ returns trajectory and investment?bank performance justify a higher multiple — RBC raised its target to 575p and reiterated an outperform view. Read More.
• Positive Sentiment: Board announced a £500m share buyback alongside stronger investment?bank income—this is an explicit capital return that supports EPS and shareholder value. Read More.
• Positive Sentiment: Reported Q1 EPS slightly beat consensus ($0.76 vs $0.75) and management confirmed targets; revenue and trading strength underpinned the beat. Buyback and EPS beat are near?term positive drivers. Read More.
• Neutral Sentiment: Barclays research flagged that the UAE leaving OPEC could accelerate UAE oil supply growth — relevant for commodity and energy desks but indirect for Barclays’ stock. Read More.
• Neutral Sentiment: Management commentary and full Q1 presentation/transcript are available (useful for modelling but not an immediate price mover). Read More.
• Negative Sentiment: Q1 was clouded by a ~£200m provision tied to a single?client exposure and rising loan?loss concerns; analysts warned impairments hit coverage ratios — these credit issues are the main reason parts of the market reacted negatively. Read More. Read More.
• Negative Sentiment: Investor?rights firms (Rosen and others) have publicized investigations into potential securities claims — potential litigation risk increases uncertainty for investors. Read More.

Hedge Funds Weigh In On Barclays

A number of hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its position in Barclays by 793.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after buying an additional 4,242,360 shares during the last quarter. Sei Investments Co. raised its position in Barclays by 4.5% in the 3rd quarter. Sei Investments Co. now owns 3,855,037 shares of the financial services provider’s stock worth $79,684,000 after buying an additional 167,439 shares during the last quarter. BNP Paribas Financial Markets raised its position in Barclays by 7,013.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock worth $31,071,000 after buying an additional 1,647,872 shares during the last quarter. Bank of Montreal Can raised its position in Barclays by 19.1% in the 4th quarter. Bank of Montreal Can now owns 1,394,720 shares of the financial services provider’s stock worth $35,496,000 after buying an additional 223,310 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Barclays by 29.7% in the 4th quarter. AQR Capital Management LLC now owns 1,073,598 shares of the financial services provider’s stock worth $27,323,000 after buying an additional 245,537 shares during the last quarter. 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.