Barclays PLC (BCS) Receives Average Rating of “Hold” from Analysts

Barclays PLC (NYSE:BCS) has earned an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company.

Separately, Zacks Investment Research lowered shares of Barclays from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd.

In other news, major shareholder Plc Barclays sold 221 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $100,000.00, for a total value of $22,100,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.02% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Private Capital Group LLC increased its holdings in Barclays by 327.7% in the 4th quarter. Private Capital Group LLC now owns 6,099 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 4,673 shares during the last quarter. Alps Advisors Inc. purchased a new position in Barclays during the 4th quarter worth $77,000. Legacy Financial Advisors Inc. grew its stake in Barclays by 533.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 10,523 shares of the financial services provider’s stock worth $79,000 after buying an additional 8,862 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Barclays during the 4th quarter worth $84,000. Finally, Virtu Financial LLC purchased a new position in Barclays during the 4th quarter worth $91,000. 2.53% of the stock is currently owned by institutional investors and hedge funds.

NYSE BCS traded up $0.13 during trading on Friday, reaching $8.65. 122,021 shares of the stock traded hands, compared to its average volume of 3,276,323. The stock has a market cap of $36.44 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.02 and a beta of 0.82. The company has a debt-to-equity ratio of 5.01, a quick ratio of 1.52 and a current ratio of 1.52. Barclays has a fifty-two week low of $7.07 and a fifty-two week high of $12.55.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Thursday, February 21st. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.15). The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.61 billion. Barclays had a net margin of 7.68% and a return on equity of 5.76%. Analysts predict that Barclays will post 1.22 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 1st were paid a $0.2091 dividend. This represents a yield of 5.13%. The ex-dividend date was Thursday, February 28th. Barclays’s payout ratio is currently 35.34%.

About Barclays

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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Analyst Recommendations for Barclays (NYSE:BCS)

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