Barclays PLC (NYSE:BCS) Stock Rated “Hold” by Wall Street Analysts

Shares of Barclays PLC (NYSE:BCS) have earned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several research analysts have recently commented on the stock. Berenberg Bank began coverage on shares of Barclays in a report on Wednesday, June 24th. They set a “buy” rating on the stock. Citigroup reissued a “neutral” rating on shares of Barclays in a research report on Thursday, July 16th. Morgan Stanley lowered Barclays from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, September 2nd. Weiss Ratings raised Barclays from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Finally, Bank of America downgraded Barclays from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 1st.

Institutional Investors Weigh In On Barclays

A number of large investors have recently bought and sold shares of the company. SHP Wealth Management acquired a new position in shares of Barclays in the 4th quarter valued at approximately $28,000. Polaris Financial Partners acquired a new stake in shares of Barclays during the 3rd quarter worth approximately $38,000. First Pacific Financial increased its stake in Barclays by 3,036.4% in the first quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,670 shares during the last quarter. Mather Group LLC. increased its stake in Barclays by 17.1% in the third quarter. Mather Group LLC. now owns 3,345 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 488 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its position in Barclays by 2,359.5% during the first quarter. Whipplewood Advisors LLC now owns 4,255 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 4,082 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Trading Up 0.0%

BCS stock opened at $22.82 on Friday. Barclays has a 52 week low of $19.29 and a 52 week high of $28.68. The company has a market capitalization of $76.28 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.49 and a beta of 1.02. The company’s 50-day simple moving average is $25.58 and its 200 day simple moving average is $25.29. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.46 and a current ratio of 1.46.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $27.67 billion during the quarter, compared to analysts’ expectations of $10.78 billion. Barclays had a net margin of 22.27% and a return on equity of 8.80%. As a group, sell-side analysts anticipate that Barclays will post 2.78 earnings per share for the current year.

Barclays Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 7th were given a $0.3134 dividend. The ex-dividend date was Friday, August 7th. This represents a dividend yield of 224.0%. Barclays’s dividend payout ratio (DPR) is presently 22.76%.

About Barclays

Barclays PLC is a diversified financial services company headquartered in London, England. Through its banking and financial services businesses, the company serves individuals, businesses, institutions and governments in the United Kingdom, the United States and other international markets.

Its principal activities include consumer and business banking, current and savings accounts, mortgages, personal loans, credit cards and payment services. Barclays also provides private banking and wealth management services, including investment management, financial planning and lending for high-net-worth clients.

Through its corporate and investment banking operations, Barclays offers corporate lending, transaction banking, financial advice, securities underwriting, sales and trading, research and capital-markets services.