Bank of America lowered shares of Barclays (NYSE:BCS) from a buy rating to a neutral rating in a research note released on Tuesday, MarketBeat Ratings reports.
Several other research firms also recently issued reports on BCS. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. Berenberg Bank assumed coverage on Barclays in a research report on Wednesday, June 24th. They set a “buy” rating for the company. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Finally, Weiss Ratings upgraded shares of Barclays from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
View Our Latest Research Report on BCS
Barclays Stock Up 2.7%
Barclays (NYSE:BCS – Get Free Report) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Barclays had a net margin of 22.27% and a return on equity of 8.80%. The firm had revenue of $10.95 billion for the quarter, compared to the consensus estimate of $10.78 billion. Sell-side analysts anticipate that Barclays will post 2.84 EPS for the current fiscal year.
Barclays Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be given a dividend of $0.3134 per share. This represents a dividend yield of 224.0%. The ex-dividend date of this dividend is Friday, August 7th. Barclays’s payout ratio is currently 22.39%.
Institutional Trading of Barclays
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC bought a new position in Barclays in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Barclays in the fourth quarter valued at approximately $26,000. SHP Wealth Management acquired a new stake in shares of Barclays in the fourth quarter worth $28,000. Advocate Investing Services LLC bought a new position in Barclays during the fourth quarter worth $33,000. Finally, First Pacific Financial increased its position in Barclays by 3,036.4% during the first quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,670 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.
Barclays Company Profile
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.
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