Royal Bank of Canada Lowers Stock Holdings in Barclays PLC $BCS

Royal Bank of Canada lowered its stake in Barclays PLC (NYSE:BCS) by 9.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,167,401 shares of the financial services provider’s stock after selling 537,265 shares during the quarter. Royal Bank of Canada’s holdings in Barclays were worth $109,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BCS. Caitong International Asset Management Co. Ltd purchased a new position in Barclays during the fourth quarter valued at $26,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Barclays in the fourth quarter worth $26,000. SHP Wealth Management purchased a new stake in shares of Barclays in the fourth quarter worth $28,000. Advocate Investing Services LLC bought a new position in shares of Barclays during the fourth quarter valued at $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Barclays in the 4th quarter worth about $39,000. Institutional investors own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a report on Friday, July 17th. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Thursday, July 2nd. Finally, Berenberg Bank started coverage on shares of Barclays in a report on Wednesday, June 24th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Barclays Price Performance

Shares of NYSE:BCS opened at $27.70 on Friday. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.44 and a current ratio of 1.46. The firm has a market cap of $94.43 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.44 and a beta of 1.00. The business has a 50-day simple moving average of $26.38 and a two-hundred day simple moving average of $24.73. Barclays PLC has a fifty-two week low of $18.79 and a fifty-two week high of $28.67.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Barclays had a net margin of 22.27% and a return on equity of 8.80%. The firm had revenue of $10.95 billion during the quarter, compared to analyst estimates of $10.78 billion. On average, analysts expect that Barclays PLC will post 2.86 earnings per share for the current year.

Barclays Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be issued a $0.3134 dividend. The ex-dividend date is Friday, August 7th. This represents a yield of 233.0%. Barclays’s dividend payout ratio (DPR) is currently 24.17%.

Barclays 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.