
Barclays (NYSE:BCS) Sets New 12-Month High After Strong Earnings

Barclays PLC (NYSE:BCS) shares hit a new 52-week high of $19.99 after reporting stronger-than-expected earnings of $0.62 per share, surpassing estimates by $0.12. The stock closed at $19.89 with a trading volume of over 3.5 million shares. Analysts have mixed ratings, with two holding and four buying, resulting in an average rating of "Moderate Buy." Institutional investors have increased their stakes, owning 3.39% of the company. Barclays operates in various financial sectors globally, with a market cap of $70.04 billion and a PE ratio of 10.04.
Barclays PLC (NYSE:BCS) shares reached a new 52-week high during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $19.99 and last traded at $19.89, with a volume of 3553324 shares trading hands. The stock had previously closed at $19.41.
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The financial services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.12. Barclays had a net margin of 21.27% and a return on equity of 8.04%.
Analyst Ratings Changes
A number of research firms have commented on BCS. Wall Street Zen downgraded shares of Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Finally, Citigroup cut shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".
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Read Our Latest Stock Report on BCS
Institutional Trading of Barclays
A number of institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of Barclays during the 1st quarter valued at approximately $29,000. Elequin Capital LP bought a new position in Barclays during the first quarter valued at about $30,000. Wealthquest Corp bought a new position in Barclays during the first quarter valued at about $32,000. Zions Bancorporation National Association UT purchased a new stake in shares of Barclays during the first quarter valued at $40,000. Finally, WPG Advisers LLC purchased a new stake in Barclays in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 3.39% of the company's stock.
Barclays Stock Performance
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The firm has a 50 day moving average of $18.20 and a 200-day moving average of $16.26. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $70.04 billion, a PE ratio of 10.04, a P/E/G ratio of 0.47 and a beta of 1.10.
About Barclays
(Get Free Report)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.
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