Barclays (NYSE:BCS) Sets New 12-Month High – Here’s Why

Barclays PLC (NYSE:BCS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.52 and last traded at $14.48, with a volume of 97612 shares traded. The stock had previously closed at $14.26.

Analyst Upgrades and Downgrades

BCS has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of Barclays in a research note on Tuesday, October 8th. They set a “buy” rating on the stock. StockNews.com lowered shares of Barclays from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th.

Barclays Stock Performance

The firm has a market capitalization of $52.19 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.43 and a beta of 1.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67. The stock has a 50-day moving average price of $13.38 and a 200 day moving average price of $12.51.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 EPS 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 during the quarter. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, analysts forecast that Barclays PLC will post 1.53 EPS for the current year.

Hedge Funds Weigh In On Barclays

Institutional investors and hedge funds have recently made changes to their positions in the stock. Perigon Wealth Management LLC acquired a new position in Barclays in the fourth quarter valued at approximately $165,000. Nilsine Partners LLC purchased a new stake in Barclays in the fourth quarter valued at approximately $388,000. Mount Yale Investment Advisors LLC purchased a new stake in Barclays in the fourth quarter valued at approximately $1,004,000. Blue Trust Inc. lifted its stake in Barclays by 75.5% in the fourth quarter. Blue Trust Inc. now owns 55,156 shares of the financial services provider’s stock valued at $670,000 after buying an additional 23,731 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Barclays in the fourth quarter valued at approximately $599,000. 3.39% of the stock is 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.