Barclays PLC (NYSE:BCS) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Barclays has a consensus “Hold” rating among 10 analysts, with six holds and four buys. Recent actions included upgrades from Piper Sandler and Berenberg, alongside neutral or equal-weight ratings from Bank of America, Citigroup and Morgan Stanley.
• Barclays reported quarterly EPS of $0.90, narrowly exceeding the $0.89 analyst consensus, while revenue of $10.95 billion also topped expectations. Analysts anticipate full-year EPS of $2.85.
• The stock opened at $25.43, compared with a 12-month range of $19.29 to $28.68, and the company recently paid a $0.3134 per-share dividend. Hedge funds and other institutional investors own 3.39% of the shares.

Shares of Barclays PLC (NYSE:BCS) have earned a consensus rating of "Hold" from the ten brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of brokerages have weighed in on BCS. Piper Sandler raised shares of Barclays from an "overweight" rating to a "buy" rating in a research report on Friday, June 12th. Berenberg Bank assumed coverage on shares of Barclays in a research note on Wednesday, June 24th. They issued a "buy" rating on the stock. Bank of America lowered shares of Barclays from a "buy" rating to a "neutral" rating in a report on Tuesday, September 1st. Citigroup reaffirmed a "neutral" rating on shares of Barclays in a research report on Thursday, July 16th. Finally, Morgan Stanley downgraded Barclays from an "overweight" rating to an "equal weight" rating in a report on Wednesday, September 2nd.

Barclays Stock Performance

Barclays stock opened at $25.43 on Wednesday. The stock's 50-day moving average is $27.30 and its 200-day moving average is $24.96. The company has a market cap of $85.80 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 0.54 and a beta of 0.99. 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 has a 12 month low of $19.29 and a 12 month high of $28.68.

Barclays (NYSE:BCS - Get Free Report) last issued its 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. The business had revenue of $10.95 billion during the quarter, compared to analysts' expectations of $10.78 billion. Barclays had a return on equity of 8.80% and a net margin of 22.27%. Equities analysts anticipate that Barclays will post 2.85 earnings per share for the current year.

Barclays Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th were given a $0.3134 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a dividend yield of 224.0%. Barclays's dividend payout ratio is presently 22.76%.

Institutional Investors Weigh In On Barclays

Several hedge funds have recently modified their holdings of the stock. Commonwealth Retirement Investments LLC acquired a new stake in Barclays in the fourth quarter valued at approximately $26,000. SHP Wealth Management purchased a new stake in shares of Barclays during the fourth quarter valued at approximately $28,000. First Pacific Financial lifted its position in shares of Barclays by 3,036.4% during the first quarter. First Pacific Financial now owns 1,725 shares of the financial services provider's stock worth $37,000 after purchasing an additional 1,670 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of Barclays during the fourth quarter worth $80,000. Finally, Whipplewood Advisors LLC boosted its stake in shares of Barclays by 2,359.5% in the first quarter. Whipplewood Advisors LLC now owns 4,255 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 4,082 shares during the period. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Barclays Company Profile

Barclays PLC NYSE: BCS is a diversified financial services company headquartered in London, United Kingdom. Founded in 1690, it has developed from a London-based banking business into an international group serving individuals, businesses, institutions and governments.

Barclays' principal activities include consumer and business banking, residential mortgages, savings and lending products, credit cards, payments, and wealth management. Through its investment banking operations, the company provides corporate finance, mergers and acquisitions advice, equity and debt underwriting, markets services, research, risk management and other advisory services to corporate, institutional and government clients.

The company serves customers primarily in the United Kingdom and the United States, while its corporate, investment banking and markets activities operate across major financial centers worldwide.

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