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Highlights
- Barclays PLC is an FTSE 100 Index listed company providing consumer banking and payments services.
- During FY22, the company registered around 20.8% growth in total dividend per share.
- For Q1 FY23, BARC posted ~11% YoY growth in Group Income and 16% YoY increase in profit before tax.
FTSE 100 Index listed Barclays PLC (LSE:BARC) provides consumer banking and payments services around the world, along with global corporate and investment banking services.
During FY22, the company registered around 20.8% growth in total dividend per share. The total income for all its operating divisions grew by 13.7%, while its CET1 ratio was recorded at 13.9% with tangible net asset value (TNAV) per share of 295 pence during the year.
The growth momentum continued in the first quarter of the fiscal year 2023 (Q1 FY23) with approximately 11% year-on-year (YoY) growth in Group Income and profit before tax increased 16% YoY to £2.6 billion. This can be attributed to the diverse sources of growth across the Group and benefit from USD appreciation. Also, the tangible net asset value (TNAV) per share saw a surge to 301 pence at the end of Q1 FY23 versus 295 pence at the end of FY22. The RoTE has been measured as 15% for Q1 FY23, with all operating divisions delivering double-digit returns.
For FY23, BARC is aiming to operate within the CET1 ratio target range of 13-14% with a cost to income ratio percentage in the low 60%s.
Top 10 Shareholders
The top 10 shareholders collectively form ~31.22% of the total shareholdings. Qatar Investment Authority holds the maximum number of shares with ~6.54% shareholding, followed by BlackRock Investment Management (UK) Ltd. with ~6.07% shareholding, as depicted in the chart below.
Stock Price Performance
The stock has witnessed a decline of ~5.45% in the last one month and over the last 6 months, it has declined by ~6.41%. The stock has a 52-week low and 52-week high of GBX 128.12 & GBX 198.86, respectively and is currently trading below the average of 52-week high-low.
Data Source: EODHD/Others, Analysis done by Kalkine Group
Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 26 June 2023. The reference data in this report has been partly sourced from EODHD/Others.
