Barclays PLC (NYSE:BCS)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $15.39, but opened at $14.62. Barclays shares last traded at $14.68, with a volume of 3,607,854 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Barclays from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 16th.
View Our Latest Stock Analysis on BCS
Barclays Stock Up 2.2 %
The firm has a fifty day moving average price of $13.93 and a 200-day moving average price of $12.89. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67. The firm has a market cap of $53.60 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.46 and a beta of 1.41.
Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.15. Barclays had a return on equity of 6.30% and a net margin of 17.83%. As a group, sell-side analysts forecast that Barclays PLC will post 1.53 EPS for the current year.
Barclays Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Friday, February 28th will be issued a $0.2737 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 2.7%. This is a boost from Barclays's previous semi-annual dividend of $0.27. Barclays's dividend payout ratio (DPR) is presently 20.41%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Barclays in the fourth quarter valued at $599,000. Massachusetts Financial Services Co. MA acquired a new position in Barclays in the third quarter valued at $3,647,000. ABC Arbitrage SA acquired a new position in Barclays in the fourth quarter valued at $21,514,000. Dorsey Wright & Associates acquired a new position in shares of Barclays during the third quarter worth about $3,276,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Barclays during the fourth quarter worth about $1,004,000. Institutional investors and hedge funds own 3.39% of the company's stock.
About Barclays
(
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Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
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