Barclays PLC (NYSE:BCS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.87 and traded as high as $28.28. Barclays shares last traded at $28.1040, with a volume of 2,708,445 shares trading hands.
Analyst Ratings Changes
Several analysts have issued reports on BCS shares. Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th. Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Berenberg Bank started coverage on Barclays in a report on Wednesday, June 24th. They set a “buy” rating for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research report on Thursday, July 2nd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Report on Barclays
Barclays Stock Up 0.2%
Barclays (NYSE:BCS – Get Free Report) last issued its earnings results on Monday, July 27th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Barclays had a net margin of 22.27% and a return on equity of 8.80%. The business had revenue of $10.95 billion for the quarter, compared to the consensus estimate of $10.78 billion. Equities analysts predict that Barclays PLC will post 2.83 EPS for the current year.
Barclays Announces Dividend
The company also recently announced a dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th will be given a dividend of $0.3134 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a yield of 224.0%. Barclays’s payout ratio is 22.39%.
Hedge Funds Weigh In On Barclays
Several institutional investors have recently made changes to their positions in BCS. Fisher Asset Management LLC lifted its stake in Barclays by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock worth $2,284,139,000 after acquiring an additional 3,722,757 shares during the period. Bank of America Corp DE grew its holdings in Barclays by 2.3% during the 1st quarter. Bank of America Corp DE now owns 8,691,765 shares of the financial services provider’s stock worth $183,918,000 after acquiring an additional 199,130 shares in the last quarter. Norges Bank purchased a new position in Barclays during the 4th quarter valued at about $141,248,000. Ameriprise Financial Inc. raised its holdings in shares of Barclays by 793.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock valued at $99,073,000 after purchasing an additional 4,242,360 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Barclays in the 1st quarter valued at about $81,762,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.
About Barclays
Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.
In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.
Further Reading
- Five stocks we like better than Barclays
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.
