Barclays (NYSE:BCS) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a report released on Thursday, Briefing.com Automated Import reports.

Separately, Zacks Investment Research downgraded Barclays from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.00.

Shares of NYSE BCS traded down $0.09 during mid-day trading on Thursday, hitting $8.77. The company had a trading volume of 19,900 shares, compared to its average volume of 3,208,184. The company has a market cap of $37.51 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 1.06 and a beta of 0.82. Barclays has a 12 month low of $7.07 and a 12 month high of $12.40. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.01.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Thursday, February 21st. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.15). The company had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.61 billion. Barclays had a return on equity of 5.76% and a net margin of 7.68%. As a group, equities analysts forecast that Barclays will post 1.22 earnings per share for the current fiscal year.

In other Barclays news, major shareholder Plc Barclays sold 221 shares of Barclays stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $100,000.00, for a total transaction of $22,100,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.02% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Private Capital Group LLC increased its position in shares of Barclays by 327.7% during the 4th quarter. Private Capital Group LLC now owns 6,099 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 4,673 shares during the period. Alps Advisors Inc. acquired a new position in shares of Barclays during the 4th quarter valued at $77,000. Legacy Financial Advisors Inc. increased its position in shares of Barclays by 533.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 10,523 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 8,862 shares during the period. Raymond James Trust N.A. acquired a new position in shares of Barclays during the 1st quarter valued at $82,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Barclays during the 4th quarter valued at $84,000. Institutional investors own 2.51% of the company’s stock.

Barclays Company Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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Analyst Recommendations for Barclays (NYSE:BCS)

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