Barclays Target of Unusually Large Options Trading (NYSE:BCS)

Barclays PLC (NYSE:BCS) saw some unusual options trading activity on Tuesday. Stock investors acquired 10,062 call options on the stock. This is an increase of 448% compared to the typical daily volume of 1,837 call options.

Barclays Stock Down 3.4 %

BCS stock opened at $7.97 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 5.42. The firm has a market capitalization of $33.32 billion, a PE ratio of 5.21, a PEG ratio of 0.16 and a beta of 1.29. Barclays has a twelve month low of $6.88 and a twelve month high of $12.20. The stock has a 50-day simple moving average of $7.82 and a two-hundred day simple moving average of $8.01.

Barclays Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.2094 per share. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Thursday, August 11th. Barclays’s payout ratio is 13.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tcwp LLC bought a new position in shares of Barclays during the first quarter valued at approximately $31,000. CWM LLC raised its stake in shares of Barclays by 72.4% in the first quarter. CWM LLC now owns 4,058 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,704 shares during the period. WD Rutherford LLC bought a new stake in Barclays during the 1st quarter valued at approximately $39,000. Aaron Wealth Advisors LLC purchased a new position in Barclays during the 1st quarter valued at approximately $967,000. Finally, Castleview Partners LLC purchased a new position in shares of Barclays in the 4th quarter worth approximately $756,000. Hedge funds and other institutional investors own 3.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Barclays from GBX 210 ($2.54) to GBX 230 ($2.78) and gave the stock a “hold” rating in a research note on Monday, August 1st. Keefe, Bruyette & Woods upgraded shares of Barclays from a “market perform” rating to an “outperform” rating in a report on Thursday, May 19th. JPMorgan Chase & Co. raised their price target on shares of Barclays from GBX 190 ($2.30) to GBX 200 ($2.42) in a report on Wednesday, September 7th. Credit Suisse Group reduced their price objective on shares of Barclays from GBX 245 ($2.96) to GBX 240 ($2.90) and set an “outperform” rating for the company in a research report on Monday, August 1st. Finally, StockNews.com downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $230.00.

Barclays Company Profile

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

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