Barclays (NYSE:BCS) Lowered to Buy Rating by StockNews.com

StockNews.com downgraded shares of Barclays (NYSE:BCS) from a strong-buy rating to a buy rating in a research report report published on Friday morning.

BCS has been the subject of several other research reports. Kepler Capital Markets initiated coverage on Barclays in a report on Thursday, September 5th. They issued a “buy” rating for the company. The Goldman Sachs Group initiated coverage on Barclays in a research report on Tuesday, October 8th. They issued a “buy” rating for the company.

Barclays Price Performance

Shares of Barclays stock opened at $12.96 on Friday. The business has a 50 day simple moving average of $12.57 and a two-hundred day simple moving average of $11.75. Barclays has a 12 month low of $7.02 and a 12 month high of $13.57. The stock has a market capitalization of $46.93 billion, a P/E ratio of 8.82 and a beta of 1.41. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35.

Barclays (NYSE:BCS) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.56 EPS for the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. The business had revenue of $8.52 billion during the quarter. During the same period in the previous year, the company earned $0.42 EPS. As a group, analysts predict that Barclays will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in shares of Barclays during the second quarter worth $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Barclays by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,524 shares during the period. Symphony Financial Ltd. Co. purchased a new position in shares of Barclays during the third quarter worth $42,000. EntryPoint Capital LLC purchased a new position in Barclays in the first quarter valued at $48,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Barclays by 32.4% in the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,132 shares during the period. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.