Barclays (NYSE:BCS) Reaches New 12-Month High at $11.57

Barclays PLC (NYSE:BCS) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $11.57 and last traded at $11.56, with a volume of 7295252 shares traded. The stock had previously closed at $11.40.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BCS shares. Deutsche Bank Aktiengesellschaft started coverage on Barclays in a research report on Thursday, May 9th. They set a “buy” rating for the company. StockNews.com upgraded Barclays from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Barclays Stock Performance

The stock has a market capitalization of $42.94 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The stock has a fifty day moving average of $10.89 and a 200-day moving average of $9.35. 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 (NYSE:BCS) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. The firm had revenue of $8.82 billion during the quarter. Barclays had a return on equity of 6.13% and a net margin of 17.21%. Equities analysts anticipate that Barclays PLC will post 1.6 earnings per share for the current fiscal year.

Institutional Trading of Barclays

A number of hedge funds and other institutional investors have recently bought and sold shares of BCS. National Bank of Canada FI raised its stake in Barclays by 6,028.3% in the first 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 buying an additional 1,690,339 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Barclays by 231.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock worth $18,306,000 after purchasing an additional 1,621,896 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Barclays by 1,502.3% during the first quarter. Acadian Asset Management LLC now owns 1,346,178 shares of the financial services provider’s stock worth $12,711,000 after purchasing an additional 1,262,165 shares in the last quarter. Brandes Investment Partners LP increased its position in shares of Barclays by 65.9% during the fourth quarter. Brandes Investment Partners LP now owns 1,750,257 shares of the financial services provider’s stock worth $13,792,000 after purchasing an additional 695,502 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Barclays during the fourth quarter worth about $4,840,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

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.