Barclays (NYSE:BCS) Sets New 52-Week High – Still a Buy?

Barclays PLC (NYSE:BCS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $21.67 and last traded at $21.6260, with a volume of 366053 shares changing hands. The stock had previously closed at $21.26.

Analyst Ratings Changes

BCS has been the subject of several research reports. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Monday, October 6th. Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Thursday, October 23rd. Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen lowered shares of Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Barclays Trading Up 0.6%

The firm has a fifty day moving average of $20.57 and a 200 day moving average of $19.07. The firm has a market capitalization of $75.95 billion, a PE ratio of 10.01, a P/E/G ratio of 0.42 and a beta of 1.14. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41.

Barclays (NYSE:BCS) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The company had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $6.95 billion. Equities research analysts expect that Barclays PLC will post 2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Wealth LLC boosted its stake in shares of Barclays by 7.5% during the 3rd quarter. NewEdge Wealth LLC now owns 63,859 shares of the financial services provider’s stock worth $1,358,000 after acquiring an additional 4,463 shares in the last quarter. Syon Capital LLC lifted its position in Barclays by 23.2% in the 3rd quarter. Syon Capital LLC now owns 32,346 shares of the financial services provider’s stock worth $669,000 after buying an additional 6,087 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Barclays by 130.9% during the 3rd quarter. Rothschild Investment LLC now owns 4,232 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 2,399 shares in the last quarter. Todd Asset Management LLC grew its stake in shares of Barclays by 4.0% in the 3rd quarter. Todd Asset Management LLC now owns 3,516,095 shares of the financial services provider’s stock valued at $72,678,000 after buying an additional 134,560 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Barclays by 2.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 137,595 shares of the financial services provider’s stock worth $2,844,000 after purchasing an additional 3,917 shares during the last quarter. 3.39% of the stock is currently 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.