Barclays: Company performance analysis

As a major FTSE 100 company, there are a large number of insider transactions. The below table highlights the trades made by directors and major shareholders over the past month. While there were several large insider share sales towards the beginning of the month, it shouldn’t worry investors.

• Marc M Moses – Non-Executive, Director
  Uninformative Buy, Auto Buy – 3901 shares
• John Kingman – Non-Executive, Director
  Uninformative Buy, Auto Buy – 3,925 shares
• Dawn Fitzpatrick – Non-Executive, Director
  Uninformative Buy, Auto Buy – 5,259 shares
• Brian Gilvary – Senior Independent Director
  Uninformaive Buy, Auto Buy – 7,953 shares
• Mary E Francis – Non-Executive, Director
  Uninformative Buy, Auto Buy – 6,287 shares
• Julia Wilson – Non-Executive, Director
  Uninformative Buy, Auto Buy – 4,457 shares
• Nigel Higgins – Chairman, Director
  Uninformative Buy, Auto Buy – 16,830 shares
• Timothy James Breedon – Non-Executive, Director
  Uninformative Buy, Auto Buy – 7,110 shares
• Robert Berry – Non-Executive, Director
  Uninformative Buy, Auto Buy – 4,413 shares
• Stephen Dainton – Interim Department Head
  Informative Sell – 215,518 shares
• Cathal Deasy – Divisional Head
  Informative Sell – 16,559 shares
• Taalib Shaah – Chief Risk Officer
  Informative Sell – 31,771 shares

Barclays’s Smart Investor platform, which sits under Barclays Investment Solutions, does not publish Assets Under Administration (AUA) figures.

However, the above table shows AUA within its private banking group, expressed as “invested assets”.

The banking giant has seen a sharp rise in invested assets over the past three years, rising from £58 billion at the start of 2022 to £119.8 billion at the end of Q22024. The jump over the past 12 months was partially attributed to positive market movements.

Number of users vs previous year and quarter.
Barclays has reported that over 300,000 people have used their Smart Investor platform, which offers award-winning accounts, expert insights, and resources to assist clients in achieving their financial goals. However, the exact number of clients isn’t detailed.

Revenue vs previous year vs consensus estimates.

According to data online, Barclays Investment Solutions has reported a modest fall in revenues over the past four years. This does not correlate with Barclays Private Bank and Wealth Management, which has reported steady revenue growth.

Operating profit versus previous year.

According to data published online, Barclays Investment Solutions is a loss making business with an operating loss of £71.5m in 2023. That’s up from 838,000 in 2022.

Earnings per share (EPS) vs previous year vs consensus estimates

Barclays Investment Solutions does not publish EPS data. However, the above data shows the earnings trajectory of Barclays as a whole. Despite challenging macroeconomic conditions, the bank has fared well in recent years, experiencing both tailwinds and headwinds as interest rates rose.

Return on Equity vs previous year and quarter.

Return on Equity (RoE) is a widely used measure indicating how well a company is performing for its shareholders. It shows how much profit is generated with the money shareholders have invested. Barclays RoE has varied in recent years but remains positive.

Free cash flow vs previous year vs consensus estimates.

Barclays has reported both positive and negative free cash flow (FCF) over the past four years. However, it’s worth noting that FCF isn’t always the best metrics for access the profitability of a bank.

Analysts’ price targets and ratings including commentary.

Based on 21 analysts offering 12-month price targets for Barclays in the last 3 months. The average price target is 269.78p with a high forecast of 341p and a low forecast of 230p.