Barclays (NYSE:BCS) Rating Lowered to “Neutral” at Citigroup

Barclays (NYSE:BCS) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat Ratings reports.

Several other equities analysts also recently commented on BCS. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research report on Wednesday. Wall Street Zen cut Barclays from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Barclays presently has an average rating of “Moderate Buy”.

Barclays Price Performance

NYSE BCS opened at $18.89 on Friday. The company has a market capitalization of $66.87 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.46 and a beta of 1.10. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.39 and a current ratio of 1.39. The business’s fifty day moving average is $17.95 and its 200 day moving average is $15.98. Barclays has a fifty-two week low of $10.23 and a fifty-two week high of $19.04.

Barclays (NYSE:BCS) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $8.37 billion. Barclays had a return on equity of 8.04% and a net margin of 21.27%. Sell-side analysts predict that Barclays will post 2 earnings per share for the current year.

Institutional Investors Weigh In On Barclays

Several large investors have recently added to or reduced their stakes in BCS. Charles Schwab Investment Management Inc. increased its stake in Barclays by 15.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,721 shares of the financial services provider’s stock worth $4,103,000 after acquiring an additional 40,437 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Barclays by 36.8% during the fourth quarter. Farther Finance Advisors LLC now owns 3,762 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,011 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Barclays by 3.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 29,814 shares of the financial services provider’s stock valued at $396,000 after buying an additional 1,103 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Barclays by 9.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 65,593 shares of the financial services provider’s stock valued at $872,000 after buying an additional 5,781 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Barclays by 1.8% during the fourth quarter. Corient Private Wealth LLC now owns 62,696 shares of the financial services provider’s stock valued at $833,000 after buying an additional 1,105 shares during the last quarter. 3.39% of the stock is owned by 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.