Barclays (NYSE:BCS) Stock Rating Lowered by StockNews.com

Barclays (NYSE:BCS) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Other analysts also recently issued research reports about the company. Kepler Capital Markets started coverage on Barclays in a research note on Thursday, September 5th. They set a “buy” rating on the stock. The Goldman Sachs Group assumed coverage on Barclays in a research report on Tuesday, October 8th. They set a “buy” rating for the company.

Barclays Trading Up 0.9 %

Shares of NYSE BCS opened at $13.36 on Friday. Barclays has a 52-week low of $7.02 and a 52-week high of $13.57. The company has a market cap of $48.36 billion, a PE ratio of 9.09 and a beta of 1.41. The firm’s 50 day moving average price is $12.54 and its 200-day moving average price is $11.73. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.35 and a current ratio of 1.35.

Barclays (NYSE:BCS) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $8.52 billion during the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. During the same quarter last year, the firm posted $0.42 earnings per share. On average, equities research analysts expect that Barclays will post 1.71 EPS for the current fiscal year.

Institutional Trading of Barclays

Hedge funds have recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of Barclays during the second quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its holdings in Barclays by 71.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,524 shares during the period. Symphony Financial Ltd. Co. acquired a new stake in shares of Barclays during the 3rd quarter worth approximately $42,000. EntryPoint Capital LLC acquired a new stake in shares of Barclays during the 1st quarter worth approximately $48,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Barclays by 32.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,132 shares during the period. 3.39% of the stock is owned by hedge funds and other institutional investors.

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.