Barclays PLC (BCS) Downgraded by ValuEngine
ValuEngine downgraded shares of Barclays PLC (NYSE:BCS) from a buy rating to a hold rating in a research report sent to investors on Friday morning.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Barclays PLC from a hold rating to a sell rating in a report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) downgraded Barclays PLC from a neutral rating to a sell rating in a report on Friday, May 5th. Morgan Stanley reiterated a buy rating on shares of Barclays PLC in a report on Tuesday, July 18th. Natixis downgraded Barclays PLC from a buy rating to a neutral rating in a report on Thursday, May 4th. Finally, BidaskClub upgraded Barclays PLC from a sell rating to a hold rating in a report on Wednesday, June 28th. Nine investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $10.09.
Barclays PLC (NYSE:BCS) opened at 9.94 on Friday. Barclays PLC has a one year low of $8.02 and a one year high of $12.05. The company has a 50 day moving average of $10.48 and a 200-day moving average of $10.81. The stock’s market capitalization is $42.38 billion.
Barclays PLC (NYSE:BCS) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.01. Barclays PLC had a negative net margin of 2.65% and a positive return on equity of 2.57%. The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.22 billion. Equities research analysts predict that Barclays PLC will post $0.86 earnings per share for the current fiscal year.
The company also recently declared a None dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.051 per share. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 1.95%. Barclays PLC’s dividend payout ratio is currently -88.23%.
In other Barclays PLC news, major shareholder Plc Barclays sold 37 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.02% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. M&T Bank Corp lifted its position in shares of Barclays PLC by 35.0% during the 1st quarter. M&T Bank Corp now owns 21,270 shares of the financial services provider’s stock valued at $240,000 after buying an additional 5,513 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Barclays PLC by 13.6% during the 2nd quarter. Fisher Asset Management LLC now owns 19,187,695 shares of the financial services provider’s stock valued at $203,198,000 after buying an additional 2,300,492 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Barclays PLC during the 1st quarter valued at about $2,269,000. Bellecapital International Ltd. lifted its position in shares of Barclays PLC by 10.2% during the 2nd quarter. Bellecapital International Ltd. now owns 22,347 shares of the financial services provider’s stock valued at $237,000 after buying an additional 2,072 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of Barclays PLC by 8.9% during the 2nd quarter. Aperio Group LLC now owns 989,055 shares of the financial services provider’s stock valued at $10,474,000 after buying an additional 80,806 shares in the last quarter. 2.47% of the stock is currently owned by hedge funds and other institutional investors.
Barclays PLC Company Profile
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