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

Key Points

• Barclays has a “Moderate Buy” consensus rating from nine analysts: five recommend buying the stock, while four rate it a hold. Recent firms including RBC, Berenberg, Morgan Stanley and Piper Sandler maintained or upgraded positive views.
• Barclays reported quarterly earnings of $0.90 per share, narrowly beating the $0.89 consensus estimate, while revenue of $10.95 billion exceeded forecasts of $10.78 billion.
• The stock was trading at $26.84, up 1.3%, with a market capitalization of approximately $90.6 billion. Institutional investors increased their holdings during the second quarter, though hedge funds and institutions collectively owned only 3.39% of shares.

Shares of Barclays PLC (NYSE:BCS) have been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company.

BCS has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research note on Wednesday, April 29th. Weiss Ratings raised shares of Barclays from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 3rd. Berenberg Bank assumed coverage on Barclays in a research report on Wednesday, June 24th. They issued a "buy" rating on the stock. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a research note on Thursday, July 2nd. Finally, Piper Sandler upgraded Barclays from an "overweight" rating to a "buy" rating in a research note on Friday, June 12th.

Institutional Investors Weigh In On Barclays

Institutional investors and hedge funds have recently bought and sold shares of the stock. Syon Capital LLC grew its stake in Barclays by 1.3% in the 2nd quarter. Syon Capital LLC now owns 34,667 shares of the financial services provider's stock worth $931,000 after buying an additional 454 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Barclays by 22.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 50,175 shares of the financial services provider's stock valued at $1,348,000 after buying an additional 9,349 shares in the last quarter. Integrity Financial Corp WA bought a new stake in shares of Barclays during the 2nd quarter worth $209,000. Greenspring Advisors LLC lifted its holdings in shares of Barclays by 4.0% during the 2nd quarter. Greenspring Advisors LLC now owns 13,243 shares of the financial services provider's stock worth $356,000 after acquiring an additional 506 shares during the last quarter. Finally, Continuum Advisory LLC purchased a new position in Barclays in the second quarter worth $145,000. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Trading Up 1.3%

Shares of BCS stock opened at $26.84 on Friday. The stock has a market capitalization of $90.57 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.47 and a beta of 1.00. The company's fifty day simple moving average is $27.41 and its two-hundred day simple moving average is $24.90. Barclays has a 1 year low of $19.28 and a 1 year high of $28.68. The company has a debt-to-equity ratio of 5.76, a current ratio of 1.46 and a quick ratio of 1.46.

Barclays (NYSE:BCS - Get Free Report) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. The business had revenue of $10.95 billion during the quarter, compared to analyst estimates of $10.78 billion. Barclays had a return on equity of 8.80% and a net margin of 22.27%. As a group, analysts anticipate that Barclays will post 2.83 earnings per share for the current year.

Barclays Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.3134 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a dividend yield of 224.0%. Barclays's payout ratio is presently 22.39%.

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.

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