Barclays (NYSE:BCS) Reaches New 12-Month High at $10.39

Barclays PLC (NYSE:BCS) hit a new 52-week high during trading on Thursday . The company traded as high as $10.39 and last traded at $10.39, with a volume of 8140144 shares traded. The stock had previously closed at $9.60.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Barclays from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Barclays has a consensus rating of “Hold” and a consensus target price of $190.00.

Barclays Stock Up 7.5 %

The stock has a market cap of $39.13 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.37 and a beta of 1.48. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.63. The business has a 50-day moving average price of $9.04 and a 200-day moving average price of $7.92.

Barclays (NYSE:BCS) last announced its earnings results on Tuesday, February 20th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.39). Barclays had a net margin of 16.82% and a return on equity of 6.09%. The business had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.38 billion. As a group, analysts forecast that Barclays PLC will post 1.58 earnings per share for the current year.

Barclays Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 1st were given a dividend of $0.2671 per share. This is a positive change from Barclays’s previous semi-annual dividend of $0.14. The ex-dividend date of this dividend was Thursday, February 29th. This represents a dividend yield of 4.6%. Barclays’s dividend payout ratio (DPR) is 37.96%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCS. Cubist Systematic Strategies LLC lifted its holdings in Barclays by 231.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock valued at $18,306,000 after purchasing an additional 1,621,896 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Barclays by 147.5% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,121,462 shares of the financial services provider’s stock valued at $16,526,000 after purchasing an additional 1,264,134 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in Barclays by 65.9% in the 4th quarter. Brandes Investment Partners LP now owns 1,750,257 shares of the financial services provider’s stock valued at $13,792,000 after purchasing an additional 695,502 shares in the last quarter. Causeway Capital Management LLC lifted its holdings in Barclays by 19.5% in the 3rd quarter. Causeway Capital Management LLC now owns 4,042,661 shares of the financial services provider’s stock valued at $31,492,000 after purchasing an additional 658,639 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Barclays in the 4th quarter valued at $4,840,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.