Barclays (BCS) Upgraded by Jefferies Group to “Buy”

Jefferies Group upgraded shares of Barclays (NYSE:BCS) from a hold rating to a buy rating in a research report report published on Monday, MarketBeat.com reports. Jefferies Group also issued estimates for Barclays’ Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.23 EPS and FY2020 earnings at $1.52 EPS.

Several other research analysts have also issued reports on the company. JPMorgan Chase reaffirmed a buy rating on shares of Barclays in a research report on Thursday, February 1st. Zacks Investment Research raised Barclays from a strong sell rating to a hold rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods lowered Barclays from a market perform rating to an underperform rating in a research report on Thursday, January 11th. ValuEngine raised Barclays from a hold rating to a buy rating in a research report on Thursday, March 1st. Finally, Morgan Stanley lowered Barclays from an overweight rating to an equal rating in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $11.00.

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Shares of NYSE:BCS opened at $12.33 on Monday. Barclays has a 1 year low of $9.29 and a 1 year high of $12.55. The stock has a market cap of $52,087.14, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 0.38 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 4.10.

Barclays (NYSE:BCS) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). Barclays had a negative net margin of 8.62% and a positive return on equity of 3.71%. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.57 billion. research analysts expect that Barclays will post 1.12 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which was paid on Thursday, April 5th. Stockholders of record on Friday, March 2nd were issued a $0.1115 dividend. The ex-dividend date was Thursday, March 1st. Barclays’s dividend payout ratio is presently 26.51%.

In other news, major shareholder Plc Barclays sold 4,019 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $11.07, for a total value of $44,490.33. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 29,627 shares of company stock worth $300,992 over the last three months. Corporate insiders own 0.02% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of Barclays by 9.7% in the fourth quarter. Fisher Asset Management LLC now owns 22,652,176 shares of the financial services provider’s stock worth $246,909,000 after buying an additional 1,997,444 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Barclays by 33.9% in the fourth quarter. Jane Street Group LLC now owns 8,504,935 shares of the financial services provider’s stock worth $92,704,000 after buying an additional 2,153,809 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Barclays by 516.1% in the fourth quarter. Deutsche Bank AG now owns 6,954,812 shares of the financial services provider’s stock worth $75,807,000 after buying an additional 5,826,043 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Barclays by 13.7% in the third quarter. Parametric Portfolio Associates LLC now owns 3,730,934 shares of the financial services provider’s stock worth $38,615,000 after buying an additional 450,707 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Barclays by 28.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,171,303 shares of the financial services provider’s stock worth $12,767,000 after buying an additional 258,100 shares during the last quarter. 2.55% of the stock is currently owned by institutional investors and hedge funds.

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Barclays Company Profile

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.

Analyst Recommendations for Barclays (NYSE:BCS)

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