Barclays PLC (NYSE:BCS) shares gapped up prior to trading on Wednesday . The stock had previously closed at $19.49, but opened at $20.47. Barclays shares last traded at $20.31, with a volume of 2,703,372 shares traded.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Wall Street Zen lowered Barclays from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Zacks Research raised Barclays from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Barclays in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Barclays in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Barclays currently has an average rating of "Buy".
Read Our Latest Analysis on BCS
Barclays Trading Up 5.3%
The stock has a 50-day moving average price of $20.32 and a 200-day moving average price of $18.41. The stock has a market cap of $71.75 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.41 and a beta of 1.10. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38.
Barclays (NYSE:BCS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.12. Barclays had a return on equity of 8.49% and a net margin of 22.11%.The firm had revenue of $9.58 billion for the quarter, compared to analysts' expectations of $7.06 billion. On average, equities research analysts expect that Barclays PLC will post 2 EPS for the current year.
Barclays Cuts Dividend
The business also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were paid a $0.1557 dividend. This represents a dividend yield of 210.0%. The ex-dividend date of this dividend was Friday, August 8th. Barclays's dividend payout ratio is currently 14.75%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of BCS. Fisher Asset Management LLC increased its stake in Barclays by 13.2% in the 2nd quarter. Fisher Asset Management LLC now owns 83,062,892 shares of the financial services provider's stock worth $1,544,139,000 after acquiring an additional 9,692,999 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Barclays by 37.6% during the 1st quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider's stock valued at $516,163,000 after acquiring an additional 9,188,263 shares during the period. Natixis Advisors LLC boosted its holdings in Barclays by 78.7% during the 1st quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider's stock valued at $136,593,000 after acquiring an additional 3,917,785 shares during the period. Raymond James Financial Inc. boosted its holdings in Barclays by 11.4% during the 1st quarter. Raymond James Financial Inc. now owns 4,976,635 shares of the financial services provider's stock valued at $76,441,000 after acquiring an additional 509,110 shares during the period. Finally, Duquesne Family Office LLC boosted its holdings in Barclays by 19.8% during the 1st quarter. Duquesne Family Office LLC now owns 3,817,305 shares of the financial services provider's stock valued at $58,634,000 after acquiring an additional 630,450 shares during the period. Institutional investors own 3.39% of the company's stock.
About Barclays
(
Get Free Report)
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.
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