Barclays (NYSE:BCS) Reaches New 52-Week High – What’s Next?

Barclays PLC (NYSE:BCS) hit a new 52-week high on Thursday . The company traded as high as $28.74 and last traded at $28.55, with a volume of 10770 shares trading hands. The stock had previously closed at $28.46.

Analyst Ratings Changes

BCS has been the topic of several research reports. Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th. BNP Paribas Exane cut shares of Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Berenberg Bank assumed coverage on shares of Barclays in a research note on Wednesday, June 24th. They issued a “buy” rating for the company. Finally, Weiss Ratings raised shares of Barclays from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

View Our Latest Analysis on Barclays

Barclays Trading Down 0.9%

The company has a fifty day simple moving average of $26.82 and a two-hundred day simple moving average of $24.82. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 5.76. The company has a market cap of $95.21 billion, a PE ratio of 10.42, a P/E/G ratio of 0.50 and a beta of 1.00.

Barclays (NYSE:BCSGet Free Report) last announced its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Barclays had a return on equity of 8.80% and a net margin of 22.27%.The business had revenue of $10.95 billion during the quarter, compared to analysts’ expectations of $10.78 billion. Analysts anticipate that Barclays PLC will post 2.83 EPS for the current year.

Barclays Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.3134 per share. This represents a yield of 224.0%. The ex-dividend date is Friday, August 7th. Barclays’s payout ratio is 21.64%.

Institutional Investors Weigh In On Barclays

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Valeo Financial Advisors LLC grew its stake in shares of Barclays by 25.2% during the second quarter. Valeo Financial Advisors LLC now owns 15,151 shares of the financial services provider’s stock worth $407,000 after purchasing an additional 3,049 shares in the last quarter. Gradient Investments LLC raised its stake in Barclays by 6.2% in the second quarter. Gradient Investments LLC now owns 228,174 shares of the financial services provider’s stock valued at $6,129,000 after buying an additional 13,315 shares in the last quarter. 55 North Private Wealth LLC acquired a new stake in Barclays in the second quarter valued at $356,000. Baron Wealth Management LLC lifted its holdings in Barclays by 15.8% during the 2nd quarter. Baron Wealth Management LLC now owns 40,847 shares of the financial services provider’s stock worth $1,097,000 after buying an additional 5,559 shares during the last quarter. Finally, GK Wealth Management LLC acquired a new position in shares of Barclays during the 2nd quarter worth about $337,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Company Profile

(Get Free Report)

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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