Barclays (NYSE:BCS) Sets New 1-Year High – Here’s What Happened

Barclays PLC (NYSE:BCS) shares hit a new 52-week high on Thursday . The stock traded as high as $27.95 and last traded at $27.9320, with a volume of 400709 shares. The stock had previously closed at $27.27.

Analysts Set New Price Targets

Several research firms have commented on BCS. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. BNP Paribas Exane lowered shares of Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Finally, Zacks Research downgraded Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Barclays has an average rating of “Moderate Buy”.

Barclays Stock Up 2.1%

The company has a market cap of $94.95 billion, a PE ratio of 11.61, a P/E/G ratio of 0.46 and a beta of 1.00. The stock has a 50-day moving average of $24.50 and a 200-day moving average of $24.39. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last announced its earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Barclays had a return on equity of 8.12% and a net margin of 21.10%.The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $10.88 billion. Sell-side analysts predict that Barclays PLC will post 2.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Barclays

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PVG Asset Management Corp lifted its position in Barclays by 506.4% during the first quarter. PVG Asset Management Corp now owns 90,728 shares of the financial services provider’s stock valued at $1,920,000 after purchasing an additional 75,767 shares during the last quarter. Militia Capital Management LLC bought a new position in shares of Barclays in the 1st quarter worth $2,116,000. Parallel Advisors LLC raised its position in shares of Barclays by 10.4% during the 1st quarter. Parallel Advisors LLC now owns 21,743 shares of the financial services provider’s stock valued at $460,000 after buying an additional 2,040 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Barclays by 19.3% during the 1st quarter. Glenmede Trust Co. NA now owns 26,738 shares of the financial services provider’s stock valued at $566,000 after buying an additional 4,334 shares in the last quarter. Finally, GKV Capital Management Co. Inc. lifted its holdings in shares of Barclays by 12.1% during the 1st quarter. GKV Capital Management Co. Inc. now owns 141,586 shares of the financial services provider’s stock worth $2,996,000 after acquiring an additional 15,336 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.