Barclays PLC (NYSE:BCS) Given Average Rating of “Hold” by Brokerages

Barclays PLC (NYSE:BCS) has been given a consensus rating of “Hold” by the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of research analysts have recently commented on BCS shares. Weiss Ratings raised Barclays from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th. Berenberg Bank initiated coverage on Barclays in a report on Wednesday, June 24th. They issued a “buy” rating for the company. Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Finally, Morgan Stanley downgraded Barclays from an “overweight” rating to an “equal weight” rating in a report on Wednesday, September 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its stake in shares of Barclays by 2.2% in the second quarter. Sequoia Financial Advisors LLC now owns 50,299 shares of the financial services provider’s stock worth $1,351,000 after purchasing an additional 1,099 shares during the period. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Barclays during the 2nd quarter valued at approximately $225,000. Integrated Wealth Concepts LLC boosted its stake in Barclays by 7.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 59,744 shares of the financial services provider’s stock valued at $1,605,000 after purchasing an additional 4,301 shares during the period. IFP Advisors Inc grew its holdings in Barclays by 14.9% in the 2nd quarter. IFP Advisors Inc now owns 9,196 shares of the financial services provider’s stock valued at $247,000 after buying an additional 1,196 shares during the last quarter. Finally, West Family Investments Inc. bought a new position in Barclays in the 2nd quarter worth approximately $456,000. Institutional investors own 3.39% of the company’s stock.

Barclays Trading Down 2.9%

Shares of NYSE:BCS opened at $24.91 on Wednesday. The stock has a market capitalization of $84.05 billion, a PE ratio of 9.29, a P/E/G ratio of 0.54 and a beta of 0.99. Barclays has a 1 year low of $19.29 and a 1 year high of $28.68. The firm has a fifty day moving average price of $27.18 and a 200 day moving average price of $24.97. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.76.

Barclays (NYSE:BCS) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. Barclays had a return on equity of 8.80% and a net margin of 22.27%.The company had revenue of $10.95 billion for the quarter, compared to analyst estimates of $10.78 billion. Analysts expect that Barclays will post 2.85 EPS for the current fiscal year.

Barclays Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 7th were issued a dividend of $0.3134 per share. This represents a dividend yield of 224.0%. The ex-dividend date of this dividend was Friday, August 7th. Barclays’s dividend payout ratio is currently 22.76%.

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.