RMR Wealth Builders Takes Position in Barclays PLC $BCS

Key Points

• RMR Wealth Builders has acquired a new stake in Barclays PLC, purchasing 12,028 shares valued at about $224,000 during the second quarter.
• Analyst ratings for Barclays are mixed, with Citigroup downgrading the stock to "neutral" while others like Royal Bank of Canada reaffirmed an "outperform" rating, leading to a consensus rating of "Moderate Buy."
• Barclays recently reported earnings of $0.62 per share, exceeding expectations and revealing significant revenue of $9.58 billion compared to analyst estimates of $7.06 billion.

RMR Wealth Builders purchased a new stake in Barclays PLC (NYSE:BCS - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 12,028 shares of the financial services provider's stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BCS. Financial Management Professionals Inc. acquired a new stake in shares of Barclays in the 1st quarter worth $29,000. Elequin Capital LP acquired a new stake in shares of Barclays in the 1st quarter worth $30,000. Wealthquest Corp acquired a new stake in shares of Barclays in the 1st quarter worth $32,000. WPG Advisers LLC acquired a new stake in shares of Barclays in the 1st quarter worth $40,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Barclays in the 1st quarter worth $40,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BCS shares. Citigroup cut Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Morgan Stanley reaffirmed an "overweight" rating on shares of Barclays in a research report on Tuesday, September 2nd. Finally, Wall Street Zen cut Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Barclays Price Performance

Shares of Barclays stock opened at $21.04 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70. Barclays PLC has a twelve month low of $11.48 and a twelve month high of $21.13. The business has a 50-day moving average price of $19.72 and a 200 day moving average price of $17.55. The firm has a market cap of $74.27 billion, a PE ratio of 9.69, a P/E/G ratio of 0.43 and a beta of 1.14.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share 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 during the quarter, compared to analyst estimates of $7.06 billion. Sell-side analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.1557 per share. This represents a yield of 210.0%. The ex-dividend date is Friday, August 8th. Barclays's payout ratio is 14.75%.

About Barclays

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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