Barclays (BCS) Shares Gap Down to $9.97

Barclays PLC (NYSE:BCS) shares gapped down prior to trading on Friday . The stock had previously closed at $10.25, but opened at $9.97. Barclays shares last traded at $9.71, with a volume of 2273846 shares trading hands.

BCS has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating on shares of Barclays in a research note on Wednesday, July 11th. Zacks Investment Research upgraded shares of Barclays from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, April 18th. Jefferies Financial Group upgraded shares of Barclays from a “hold” rating to a “buy” rating in a research note on Monday, April 16th. ValuEngine downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Finally, Goldman Sachs Group reiterated a “neutral” rating on shares of Barclays in a research note on Wednesday, May 23rd. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Barclays currently has an average rating of “Hold” and a consensus target price of $14.00.

The firm has a market cap of $42.53 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 0.35 and a beta of 0.74. The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.50 and a current ratio of 1.50.

The firm also recently announced a special dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 10th will be issued a $0.131 dividend. This represents a dividend yield of 2.24%. This is a boost from Barclays’s previous special dividend of $0.11. The ex-dividend date is Thursday, August 9th. Barclays’s payout ratio is presently 31.33%.

In other Barclays news, major shareholder Plc Barclays sold 62,390 shares of the business’s stock in a transaction on Thursday, June 28th. The shares were sold at an average price of $5.63, for a total value of $351,255.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.02% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Thornburg Investment Management Inc. purchased a new stake in shares of Barclays during the 1st quarter worth $34,522,000. Fisher Asset Management LLC boosted its position in shares of Barclays by 9.7% during the 1st quarter. Fisher Asset Management LLC now owns 24,859,132 shares of the financial services provider’s stock worth $293,835,000 after purchasing an additional 2,206,956 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Barclays during the 1st quarter worth $22,337,000. CIBC World Markets Inc. boosted its position in shares of Barclays by 246.8% during the 1st quarter. CIBC World Markets Inc. now owns 1,052,595 shares of the financial services provider’s stock worth $12,442,000 after purchasing an additional 749,045 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Barclays by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 13,960,324 shares of the financial services provider’s stock worth $165,011,000 after buying an additional 719,751 shares in the last quarter. 3.16% of the stock is currently owned by institutional investors.

Barclays Company Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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