Barclays (NYSE:BCS) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?
by Sarita Garza · The Markets DailyBarclays PLC (NYSE:BCS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.87 and traded as high as $28.28. Barclays shares last traded at $28.1040, with a volume of 2,708,445 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on BCS shares. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Berenberg Bank assumed coverage on shares of Barclays in a report on Wednesday, June 24th. They set a “buy” rating for the company. Weiss Ratings upgraded shares of Barclays from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Finally, Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Barclays has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on Barclays
Barclays Trading Up 0.2%
The stock has a market capitalization of $95.96 billion, a P/E ratio of 10.50, a PEG ratio of 0.49 and a beta of 1.00. The company has a debt-to-equity ratio of 5.76, a current ratio of 1.46 and a quick ratio of 1.46. The business’s 50 day simple moving average is $27.15 and its 200-day simple moving average is $24.89.
Barclays (NYSE:BCS – Get Free Report) last issued its earnings results on Monday, July 27th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $10.95 billion for the quarter, compared to analysts’ expectations of $10.78 billion. Barclays had a return on equity of 8.80% and a net margin of 22.27%. As a group, analysts forecast that Barclays PLC will post 2.83 EPS for the current year.
Barclays Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be given a $0.3134 dividend. This represents a dividend yield of 224.0%. The ex-dividend date of this dividend is Friday, August 7th. Barclays’s payout ratio is currently 22.01%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Commonwealth Retirement Investments LLC acquired a new stake in shares of Barclays in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Barclays during the 4th quarter worth approximately $26,000. SHP Wealth Management acquired a new position in shares of Barclays during the 4th quarter worth approximately $28,000. Advocate Investing Services LLC bought a new stake in Barclays in the 4th quarter valued at $33,000. Finally, First Pacific Financial lifted its holdings in Barclays by 3,036.4% during the 1st quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,670 shares during the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.
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.
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