Deutsche Bank Aktiengesellschaft Begins Coverage on Barclays (NYSE:BCS)

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Barclays (NYSE:BCS) in a research report released on Thursday, MarketBeat reports. The brokerage issued a buy rating on the financial services provider’s stock.

Separately, StockNews.com cut Barclays from a buy rating to a hold rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $190.00.

Check Out Our Latest Stock Analysis on BCS

Barclays Stock Performance

NYSE BCS opened at $10.79 on Thursday. The firm’s fifty day moving average price is $9.57 and its two-hundred day moving average price is $8.18. The stock has a market cap of $40.91 billion, a PE ratio of 8.05, a PEG ratio of 0.39 and a beta of 1.43. The company has a debt-to-equity ratio of 6.15, a quick ratio of 1.39 and a current ratio of 1.39. Barclays has a fifty-two week low of $6.23 and a fifty-two week high of $10.85.

Barclays (NYSE:BCSGet Free Report) last released its quarterly earnings data on Tuesday, February 20th. The financial services provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.39). Barclays had a net margin of 17.21% and a return on equity of 6.13%. The firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.38 billion. On average, equities analysts expect that Barclays will post 1.6 EPS for the current fiscal year.

Barclays Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 1st were issued a $0.2671 dividend. This represents a yield of 4.6%. This is an increase from Barclays’s previous semi-annual dividend of $0.14. The ex-dividend date was Thursday, February 29th. Barclays’s dividend payout ratio is presently 38.81%.

Hedge Funds Weigh In On Barclays

A number of hedge funds have recently made changes to their positions in BCS. Seven Eight Capital LP boosted its holdings in Barclays by 82.2% in the third quarter. Seven Eight Capital LP now owns 18,361 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 8,281 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of 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 worth $16,526,000 after purchasing an additional 1,264,134 shares during the period. OneAscent Financial Services LLC bought a new stake in shares of Barclays in the 4th quarter valued at $105,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Barclays during the fourth quarter worth $81,000. Finally, ACR Alpine Capital Research LLC raised its stake in Barclays by 10.0% during the fourth quarter. ACR Alpine Capital Research LLC now owns 931,858 shares of the financial services provider’s stock worth $7,343,000 after buying an additional 85,000 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors.

About Barclays

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.