Barclays PLC (NYSE:BCS) gapped down before the market opened on Friday . The stock had previously closed at $13.18, but opened at $12.90. Barclays shares last traded at $12.84, with a volume of 1,430,191 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on BCS. StockNews.com upgraded shares of Barclays from a "hold" rating to a "buy" rating in a research report on Tuesday, July 9th. Kepler Capital Markets started coverage on shares of Barclays in a research report on Thursday, September 5th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Barclays in a research note on Tuesday, October 8th. They issued a "buy" rating on the stock. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Barclays has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on Barclays
Barclays Price Performance
The company's fifty day simple moving average is $12.11 and its two-hundred day simple moving average is $11.28. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $46.61 billion, a PE ratio of 9.41, a P/E/G ratio of 0.68 and a beta of 1.42.
Barclays (NYSE:BCS - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. Barclays had a return on equity of 5.94% and a net margin of 16.83%. The company had revenue of $8.52 billion for the quarter. During the same quarter in the prior year, the company earned $0.42 EPS. As a group, sell-side analysts predict that Barclays PLC will post 1.63 EPS for the current year.
Barclays Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 16th were paid a dividend of $0.2684 per share. The ex-dividend date was Friday, August 16th. This represents a yield of 3.6%. This is a boost from Barclays's previous semi-annual dividend of $0.27. Barclays's dividend payout ratio (DPR) is currently 21.64%.
Hedge Funds Weigh In On Barclays
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sage Mountain Advisors LLC grew its holdings in Barclays by 7.7% during the 2nd quarter. Sage Mountain Advisors LLC now owns 11,767 shares of the financial services provider's stock valued at $126,000 after buying an additional 838 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Barclays by 32.4% in the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,132 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in Barclays by 2.0% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 61,623 shares of the financial services provider's stock valued at $582,000 after buying an additional 1,237 shares during the period. AMG National Trust Bank lifted its holdings in Barclays by 0.4% in the 2nd quarter. AMG National Trust Bank now owns 333,744 shares of the financial services provider's stock valued at $3,574,000 after purchasing an additional 1,343 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in Barclays by 5.5% during the 3rd quarter. Ballentine Partners LLC now owns 27,743 shares of the financial services provider's stock worth $337,000 after purchasing an additional 1,453 shares in the last quarter. 3.39% of the stock is currently owned by hedge funds and other institutional investors.
About Barclays
(
Get Free Report)
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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