Barclays (NYSE:BCS) Reaches New 12-Month High – What’s Next?

Barclays PLC (NYSE:BCS)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $13.83 and last traded at $13.80, with a volume of 752358 shares changing hands. The stock had previously closed at $13.65.

Wall Street Analyst Weigh In

BCS has been the subject of a number of recent analyst reports. StockNews.com cut shares of Barclays from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group assumed coverage on Barclays in a research note on Tuesday, October 8th. They issued a “buy” rating on the stock. Finally, Kepler Capital Markets initiated coverage on Barclays in a research note on Thursday, September 5th. They set a “buy” rating for the company.

Barclays Stock Performance

The stock’s 50 day moving average is $12.99 and its 200 day moving average is $12.01. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67. The firm has a market cap of $48.87 billion, a price-to-earnings ratio of 9.21 and a beta of 1.41.

Barclays (NYSE:BCS) last issued 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 firm had revenue of $8.52 billion for the quarter. During the same period in the prior year, the company earned $0.42 earnings per share. Analysts anticipate that Barclays PLC will post 1.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BCS. Sage Mountain Advisors LLC boosted its stake in shares of Barclays by 7.7% in the second quarter. Sage Mountain Advisors LLC now owns 11,767 shares of the financial services provider’s stock valued at $126,000 after buying an additional 838 shares during the period. M&T Bank Corp lifted its position in shares of Barclays by 4.7% during the 3rd quarter. M&T Bank Corp now owns 20,568 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 918 shares during the period. Apollon Wealth Management LLC increased its position in shares of Barclays by 10.0% in the third quarter. Apollon Wealth Management LLC now owns 11,826 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 1,075 shares during the period. Hexagon Capital Partners LLC raised its stake in Barclays by 32.4% in the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,132 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its position in Barclays by 6.9% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 17,565 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 1,137 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

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.