Barclays’ (BCS) Hold Rating Reiterated at Erste Group Bank

Erste Group Bank reaffirmed their hold rating on shares of Barclays (NYSE:BCS) in a research note issued to investors on Thursday, MarketBeat reports.

Several other equities analysts have also recently weighed in on the company. Zacks Research upgraded Barclays from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a research note on Tuesday, December 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research report on Friday, February 13th. Citigroup restated a “neutral” rating on shares of Barclays in a report on Thursday, January 22nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Barclays Stock Performance

Shares of BCS opened at $21.85 on Thursday. The firm has a market capitalization of $75.47 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.40 and a beta of 0.95. Barclays has a 52 week low of $12.14 and a 52 week high of $27.70. The stock has a 50 day moving average price of $25.69 and a two-hundred day moving average price of $22.97. The company has a debt-to-equity ratio of 5.45, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $72.64 million for the quarter, compared to analyst estimates of $9.23 billion. Barclays had a return on equity of 8.33% and a net margin of 21.91%. Equities analysts forecast that Barclays will post 2 earnings per share for the current fiscal year.

Barclays Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 20th will be given a dividend of $0.3069 per share. The ex-dividend date is Friday, February 20th. This represents a yield of 236.0%. Barclays’s dividend payout ratio is presently 26.20%.

Institutional Trading of Barclays

Several hedge funds have recently added to or reduced their stakes in the stock. Illumine Investment Management LLC bought a new position in Barclays during the third quarter valued at $2,195,000. Todd Asset Management LLC raised its stake in shares of Barclays by 4.0% in the third quarter. Todd Asset Management LLC now owns 3,516,095 shares of the financial services provider’s stock valued at $72,678,000 after buying an additional 134,560 shares during the period. New York State Common Retirement Fund grew its stake in shares of Barclays by 10.4% during the 3rd quarter. New York State Common Retirement Fund now owns 1,830,351 shares of the financial services provider’s stock worth $37,833,000 after acquiring an additional 172,944 shares during the period. RWA Wealth Partners LLC bought a new position in shares of Barclays during the 2nd quarter worth $654,000. Finally, Cibc World Market Inc. increased its holdings in Barclays by 226.9% in the 3rd quarter. Cibc World Market Inc. now owns 262,678 shares of the financial services provider’s stock worth $5,430,000 after acquiring an additional 182,318 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Company Profile

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.