StockNews.com Downgrades Barclays (NYSE:BCS) to Hold

StockNews.com cut shares of Barclays (NYSE:BCS) from a buy rating to a hold rating in a report released on Monday morning.

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Barclays in a research report on Thursday, May 9th. They issued a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Barclays presently has an average rating of Hold and a consensus price target of $190.00.

Barclays Price Performance

Shares of Barclays stock opened at $10.88 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 6.15. Barclays has a twelve month low of $6.23 and a twelve month high of $11.42. The stock has a market capitalization of $41.03 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.39 and a beta of 1.44. The company has a 50-day simple moving average of $10.71 and a two-hundred day simple moving average of $9.17.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. Barclays had a net margin of 17.21% and a return on equity of 6.13%. The company had revenue of $8.82 billion for the quarter. Analysts forecast that Barclays will post 1.6 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Northern Trust Corp increased its stake in shares of Barclays by 5.0% in the third quarter. Northern Trust Corp now owns 4,407,427 shares of the financial services provider’s stock worth $34,334,000 after buying an additional 210,982 shares during the period. Cubist Systematic Strategies LLC increased its position in Barclays by 231.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock valued at $18,306,000 after purchasing an additional 1,621,896 shares during the period. Brandes Investment Partners LP increased its position in Barclays by 65.9% during the 4th quarter. Brandes Investment Partners LP now owns 1,750,257 shares of the financial services provider’s stock valued at $13,792,000 after purchasing an additional 695,502 shares during the period. National Bank of Canada FI increased its position in Barclays by 6,028.3% during the 1st quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock valued at $16,239,000 after purchasing an additional 1,690,339 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Barclays by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,533,600 shares of the financial services provider’s stock valued at $14,493,000 after buying an additional 265,200 shares in the last quarter. 3.39% of the stock is 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.