Barclays PLC (BCS) Receives Sell Rating from Goldman Sachs Group, Inc. (The)
A number of other equities analysts have also recently commented on the company. ValuEngine cut Barclays PLC from a buy rating to a hold rating in a report on Friday, September 1st. BidaskClub cut Barclays PLC from a sell rating to a strong sell rating in a report on Wednesday, August 23rd. Deutsche Bank AG reiterated a buy rating on shares of Barclays PLC in a report on Monday, August 14th. Morgan Stanley reiterated a buy rating on shares of Barclays PLC in a report on Tuesday, July 18th. Finally, J P Morgan Chase & Co upgraded Barclays PLC from a neutral rating to an overweight rating in a report on Thursday, June 1st. 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 stock. The company presently has a consensus rating of Hold and a consensus target price of $10.09.
Barclays PLC (NYSE BCS) opened at 9.83 on Wednesday. The firm’s market cap is $41.91 billion. The company’s 50 day moving average price is $10.34 and its 200 day moving average price is $10.75. Barclays PLC has a 52-week low of $8.02 and a 52-week high of $12.05.
Barclays PLC (NYSE:BCS) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. Barclays PLC had a positive return on equity of 2.57% and a negative net margin of 2.65%. The business had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.22 billion. Analysts predict that Barclays PLC will post $0.86 earnings per share for the current fiscal year.
The firm also recently declared a None dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 11th will be given a $0.051 dividend. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 1.95%. Barclays PLC’s payout ratio is -88.23%.
In other news, major shareholder Plc Barclays sold 37 shares of Barclays PLC stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $100,000.00, for a total value of $3,700,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.02% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCS. Fox Run Management L.L.C. acquired a new stake in shares of Barclays PLC in the second quarter valued at approximately $110,000. Advisor Partners LLC acquired a new stake in shares of Barclays PLC in the second quarter valued at approximately $119,000. HPM Partners LLC raised its position in shares of Barclays PLC by 1.8% in the second quarter. HPM Partners LLC now owns 11,545 shares of the financial services provider’s stock valued at $122,000 after buying an additional 203 shares in the last quarter. MAI Capital Management raised its position in shares of Barclays PLC by 21.8% in the second quarter. MAI Capital Management now owns 12,619 shares of the financial services provider’s stock valued at $134,000 after buying an additional 2,261 shares in the last quarter. Finally, Cornerstone Investment Partners LLC raised its position in Barclays PLC by 8.1% during the second quarter. Cornerstone Investment Partners LLC now owns 13,875 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 1,042 shares in the last quarter. Institutional investors own 2.47% of the company’s stock.
About Barclays PLC
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