Barclays PLC (BCS) Receives Average Rating of “Hold” from Brokerages
Barclays PLC (NYSE:BCS) has earned an average recommendation of “Hold” from the twenty analysts that are covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $8.22.
A number of equities research analysts have recently commented on BCS shares. Deutsche Bank AG reiterated a “buy” rating on shares of Barclays PLC in a research note on Monday, August 14th. BidaskClub upgraded shares of Barclays PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine upgraded shares of Barclays PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Barclays PLC in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of Barclays PLC from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th.
Barclays PLC (BCS) opened at 10.27 on Wednesday. The company’s 50 day moving average price is $10.05 and its 200-day moving average price is $10.60. The firm’s market capitalization is $43.79 billion. Barclays PLC has a 12-month low of $8.02 and a 12-month high of $12.05.
Barclays PLC (NYSE:BCS) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The business had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.22 billion. Barclays PLC had a positive return on equity of 2.57% and a negative net margin of 2.65%. On average, equities analysts anticipate that Barclays PLC will post $0.86 earnings per share for the current fiscal year.
The business also recently declared a None dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 11th were given a $0.051 dividend. This represents a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, August 9th. Barclays PLC’s dividend payout ratio (DPR) is presently -88.23%.
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In related news, major shareholder Plc Barclays sold 37 shares of the stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $100,000.00, for a total transaction of $3,700,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.02% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its holdings in Barclays PLC by 50.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 304,051 shares of the financial services provider’s stock valued at $3,220,000 after buying an additional 102,230 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Barclays PLC by 35.0% in the first quarter. M&T Bank Corp now owns 21,270 shares of the financial services provider’s stock worth $240,000 after buying an additional 5,513 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in shares of Barclays PLC by 0.8% in the second quarter. Brandes Investment Partners LP now owns 5,602,988 shares of the financial services provider’s stock worth $59,336,000 after buying an additional 43,360 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Barclays PLC by 13.6% in the second quarter. Fisher Asset Management LLC now owns 19,187,695 shares of the financial services provider’s stock worth $203,198,000 after buying an additional 2,300,492 shares in the last quarter. Finally, Bellecapital International Ltd. lifted its holdings in shares of Barclays PLC by 10.2% in the second quarter. Bellecapital International Ltd. now owns 22,347 shares of the financial services provider’s stock worth $237,000 after buying an additional 2,072 shares in the last quarter. 2.47% of the stock is owned by institutional investors and hedge funds.
About Barclays PLC
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