StockNews.com Upgrades Barclays (NYSE:BCS) to “Strong-Buy”

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

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Barclays in a research note on Tuesday, October 8th. They set a “buy” rating on the stock. Kepler Capital Markets initiated coverage on shares of Barclays in a report on Thursday, September 5th. They issued a “buy” rating on the stock.

Barclays Trading Up 1.9 %

NYSE BCS opened at $13.21 on Thursday. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $47.84 billion, a price-to-earnings ratio of 8.99 and a beta of 1.41. The firm has a 50 day simple moving average of $12.41 and a 200-day simple moving average of $11.67. Barclays has a one year low of $6.91 and a one year high of $13.57.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 earnings per share 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 for the quarter. During the same period in the prior year, the company posted $0.42 EPS. Equities research analysts anticipate that Barclays will post 1.71 EPS for the current fiscal year.

Institutional Trading of Barclays

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Barclays during the first quarter worth about $89,000. Janney Montgomery Scott LLC increased its stake in Barclays by 8.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,447 shares of the financial services provider’s stock valued at $411,000 after buying an additional 3,226 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Barclays by 18.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 50,312 shares of the financial services provider’s stock worth $475,000 after buying an additional 7,734 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Barclays by 26.0% in the 1st quarter. Sei Investments Co. now owns 1,238,789 shares of the financial services provider’s stock worth $11,706,000 after acquiring an additional 255,300 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Barclays by 3.1% in the first quarter. Russell Investments Group Ltd. now owns 159,804 shares of the financial services provider’s stock valued at $1,510,000 after acquiring an additional 4,873 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

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.