Barclays PLC (BCS) Rating Reiterated by JPMorgan Chase & Co.
Barclays PLC (NYSE:BCS)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a report released on Monday.
BCS has been the subject of a number of other reports. Zacks Investment Research lowered shares of Barclays PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Shore Capital reiterated a “buy” rating on shares of Barclays PLC in a research note on Monday, August 1st. Bank of America Corp. lowered shares of Barclays PLC from a “buy” rating to a “neutral” rating in a research note on Monday, June 27th. Investec upgraded shares of Barclays PLC from a “sell” rating to a “buy” rating in a research note on Thursday, August 25th. Finally, HSBC upgraded shares of Barclays PLC from a “hold” rating to a “buy” rating and lifted their price objective for the company from $6.76 to $8.62 in a research note on Wednesday, September 21st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Barclays PLC has an average rating of “Hold” and an average price target of $35.71.
Shares of Barclays PLC (NYSE:BCS) traded down 0.4289% on Monday, hitting $8.5432. The stock had a trading volume of 3,053,314 shares. The firm has a 50-day moving average of $8.82 and a 200 day moving average of $8.97. The company’s market capitalization is $29.54 billion. Barclays PLC has a 1-year low of $6.76 and a 1-year high of $15.81.
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The company also recently disclosed a dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were paid a dividend of $0.052 per share. The ex-dividend date was Wednesday, August 10th. Barclays PLC’s dividend payout ratio (DPR) is -31.25%.
Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in shares of Barclays PLC during the first quarter valued at about $30,217,000. SG Americas Securities LLC boosted its position in shares of Barclays PLC by 404.1% in the second quarter. SG Americas Securities LLC now owns 2,203,032 shares of the financial services provider’s stock valued at $16,743,000 after buying an additional 1,765,971 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Barclays PLC by 7.5% in the second quarter. Fisher Asset Management LLC now owns 23,244,449 shares of the financial services provider’s stock valued at $178,285,000 after buying an additional 1,630,534 shares in the last quarter. Brigade Capital Management LP bought a new position in shares of Barclays PLC during the second quarter valued at about $7,600,000. Finally, Conning Inc. bought a new position in shares of Barclays PLC during the second quarter valued at about $994,000. 2.95% of the stock is owned by hedge funds and other institutional investors.
About Barclays PLC
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.
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