Barclays (BCS) Shares Gap Down to $8.42

Barclays PLC (NYSE:BCS) shares gapped down before the market opened on Friday . The stock had previously closed at $8.62, but opened at $8.42. Barclays shares last traded at $8.29, with a volume of 3458912 shares trading hands.

A number of research firms have recently commented on BCS. Zacks Investment Research downgraded shares of Barclays from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Credit Suisse Group reaffirmed a “neutral” rating on shares of Barclays in a research note on Friday, November 9th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 4.99. The company has a market cap of $36.02 billion, a P/E ratio of 9.99, a PEG ratio of 0.34 and a beta of 0.78.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.2091 per share. This represents a dividend yield of 5.13%. The ex-dividend date of this dividend is Thursday, February 28th. Barclays’s dividend payout ratio is currently 30.12%.

Several hedge funds and other institutional investors have recently bought and sold shares of BCS. Private Capital Group LLC increased its stake in shares of Barclays by 327.7% during the 4th quarter. Private Capital Group LLC now owns 6,099 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 4,673 shares during the last quarter. Alps Advisors Inc. acquired a new position in shares of Barclays during the 4th quarter valued at about $77,000. Legacy Financial Advisors Inc. increased its position in Barclays by 533.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 10,523 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 8,862 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Barclays during the 4th quarter worth approximately $84,000. Finally, Virtu Financial LLC acquired a new stake in Barclays during the 4th quarter worth approximately $91,000. 2.86% of the stock is owned by institutional investors.

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Barclays Company Profile (NYSE:BCS)

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

Read More: Systematic Risk

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