Barclays Cancels Shares in Ongoing Buyback Effort to Strengthen Capital Structure

PUBLISHED: 16 May 2025 @ 17:41 | Comments (0) | More info about Fiona Craig

Barclays PLC (LSE:BARC) has taken another step in its share repurchase initiative by acquiring and cancelling 1,901,473 of its ordinary shares from J.P. Morgan Securities plc. This latest transaction is part of the financial institution’s broader buy-back program, launched in February 2025, aimed at optimizing its capital allocation and boosting returns for shareholders. To date, a total of 194,207,111 shares have been bought back under this program.

The cancelled shares will no longer be part of the company’s issued share capital, potentially altering the distribution of voting power among remaining shareholders and affecting regulatory thresholds for interest disclosures.

Barclays continues to exhibit a solid financial foundation, marked by healthy growth metrics, strong liquidity, and a proactive approach to value creation through corporate actions. While the stock remains attractively priced for investors, technical indicators suggest a cautious approach may be warranted due to signs of overbought conditions. Some operational headwinds also persist.

Company Overview

Barclays PLC is a leading global financial institution offering a wide range of services including retail and business banking, credit card services, investment banking, wealth, and asset management. With core markets in the UK and the United States, Barclays is focused on delivering forward-thinking financial products and services tailored to its diverse client base.

Average Daily Trading Volume: 58,606,457
Technical Sentiment: Buy
Market Capitalization: £45.61 billion

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