Barclays (NYSE:BCS) Downgraded by StockNews.com

StockNews.com downgraded shares of Barclays (NYSE:BCS) from a buy rating to a hold rating in a research note issued to investors on Monday.

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Barclays in a report on Thursday, May 9th. They issued a buy rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $190.00.

Barclays Trading Up 2.7 %

Shares of BCS opened at $11.18 on Monday. The company has a debt-to-equity ratio of 6.15, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $42.18 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.39 and a beta of 1.44. The stock has a fifty day moving average price of $10.76 and a two-hundred day moving average price of $9.21. Barclays has a 52-week low of $6.23 and a 52-week high of $11.42.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $8.82 billion for the quarter. Barclays had a net margin of 17.21% and a return on equity of 6.13%. Analysts predict that Barclays will post 1.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. National Bank of Canada FI grew its holdings in Barclays by 6,028.3% during the 1st quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock worth $16,239,000 after acquiring an additional 1,690,339 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of Barclays by 231.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock worth $18,306,000 after purchasing an additional 1,621,896 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Barclays by 1,502.3% in the first quarter. Acadian Asset Management LLC now owns 1,346,178 shares of the financial services provider’s stock valued at $12,711,000 after purchasing an additional 1,262,165 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in Barclays by 65.9% during the fourth quarter. Brandes Investment Partners LP now owns 1,750,257 shares of the financial services provider’s stock worth $13,792,000 after buying an additional 695,502 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Barclays during the 4th quarter worth about $4,840,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

About Barclays

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.