Barclays PLC (NYSE:BCS) Given Average Recommendation of “Moderate Buy” by Brokerages

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

A number of research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a report on Friday, July 17th. Citigroup restated a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th. BNP Paribas Exane cut Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research report on Thursday, July 2nd.

Institutional Investors Weigh In On Barclays

Several hedge funds have recently bought and sold shares of BCS. Norges Bank bought a new position in shares of Barclays during the fourth quarter valued at $141,248,000. Ameriprise Financial Inc. increased its holdings 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 in the last quarter. Renaissance Technologies LLC purchased a new position in Barclays in the 1st quarter worth about $81,762,000. Fisher Asset Management LLC raised its position in Barclays by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock worth $2,284,139,000 after buying an additional 3,722,757 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Barclays by 7,013.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock valued at $31,071,000 after acquiring an additional 1,647,872 shares during the period. Institutional investors own 3.39% of the company’s stock.

Barclays Trading Up 1.2%

Shares of BCS opened at $27.82 on Tuesday. The firm’s 50-day moving average price is $26.53 and its 200-day moving average price is $24.75. The firm has a market capitalization of $94.84 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 0.47 and a beta of 1.00. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.76. Barclays has a 1-year low of $19.15 and a 1-year high of $28.67.

Barclays (NYSE:BCS) last released its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Barclays had a net margin of 22.27% and a return on equity of 8.80%. The company had revenue of $10.95 billion during the quarter, compared to the consensus estimate of $10.78 billion. Sell-side analysts anticipate that Barclays will post 2.85 EPS for the current year.

Barclays Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be paid a $0.3134 dividend. This represents a dividend yield of 233.0%. The ex-dividend date is Friday, August 7th. Barclays’s dividend payout ratio (DPR) is presently 21.64%.

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.