Barclays (NYSE:BCS) Hits New 52-Week High – Here’s What Happened

Barclays PLC (NYSE:BCS) reached a new 52-week high during trading on Friday . The company traded as high as $22.84 and last traded at $22.8050, with a volume of 284593 shares. The stock had previously closed at $22.38.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, October 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Wall Street Zen lowered Barclays from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Monday, November 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Barclays in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Barclays Trading Up 2.4%

The company has a market capitalization of $79.78 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.41 and a quick ratio of 1.41. The company’s fifty day moving average is $20.99 and its 200-day moving average is $19.68.

Barclays (NYSE:BCS) last posted its earnings results on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share for the quarter. The company had revenue of $9.21 billion during the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%. On average, analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.

Institutional Trading of Barclays

Hedge funds have recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Barclays in the 2nd quarter worth approximately $27,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Barclays in the second quarter valued at approximately $28,000. Elequin Capital LP purchased a new position in Barclays in the first quarter worth $30,000. Mather Group LLC. purchased a new position in Barclays in the third quarter worth $30,000. Finally, Salomon & Ludwin LLC increased its position in shares of Barclays by 2,673.6% during the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,417 shares in the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

About Barclays

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.