Barclays Target of Unusually High Options Trading (BCS)
Barclays PLC (NYSE:BCS) saw unusually large options trading activity on Thursday. Traders purchased 6,210 put options on the company. This is an increase of approximately 2,424% compared to the average volume of 246 put options.
In related news, major shareholder Plc Barclays sold 62,390 shares of the firm’s stock in a transaction that occurred on Thursday, June 28th. The shares were sold at an average price of $5.63, for a total value of $351,255.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.02% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in BCS. Thornburg Investment Management Inc. bought a new stake in shares of Barclays during the first quarter valued at approximately $34,522,000. Fisher Asset Management LLC raised its position in shares of Barclays by 9.7% during the first quarter. Fisher Asset Management LLC now owns 24,859,132 shares of the financial services provider’s stock valued at $293,835,000 after buying an additional 2,206,956 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of Barclays during the first quarter valued at approximately $22,337,000. CIBC World Markets Inc. raised its position in shares of Barclays by 246.8% during the first quarter. CIBC World Markets Inc. now owns 1,052,595 shares of the financial services provider’s stock valued at $12,442,000 after buying an additional 749,045 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Barclays by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 13,960,324 shares of the financial services provider’s stock valued at $165,011,000 after buying an additional 719,751 shares during the last quarter. Hedge funds and other institutional investors own 3.47% of the company’s stock.
Barclays (NYSE:BCS) last released its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.14. The firm had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $7.01 billion. Barclays had a negative net margin of 0.36% and a positive return on equity of 5.42%. analysts anticipate that Barclays will post 1.06 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 10th will be given a dividend of $0.131 per share. The ex-dividend date is Thursday, August 9th. This represents a dividend yield of 2.24%. This is a boost from Barclays’s previous special dividend of $0.11. Barclays’s dividend payout ratio (DPR) is presently 31.33%.
Several equities analysts have weighed in on BCS shares. Zacks Investment Research downgraded shares of Barclays from a “hold” rating to a “sell” rating in a report on Friday, August 10th. ValuEngine raised shares of Barclays from a “strong sell” rating to a “sell” rating in a report on Saturday, July 28th. Bank of America reaffirmed a “neutral” rating on shares of Barclays in a report on Tuesday, June 19th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Barclays in a report on Tuesday. Finally, UBS Group reaffirmed a “buy” rating on shares of Barclays in a report on Wednesday, July 11th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.00.
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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