Barclays (NYSE:BCS) Upgraded to "Strong-Buy" at StockNews.com

StockNews.com upgraded shares of Barclays (NYSE:BCS) from a buy rating to a strong-buy rating in a research report released on Thursday.

BCS has been the topic of several other research reports. Kepler Capital Markets initiated coverage on shares of Barclays in a report on Thursday, September 5th. They issued 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 Stock Down 1.9 %

BCS traded down $0.25 during trading on Thursday, hitting $12.96. 11,181,128 shares of the company's stock traded hands, compared to its average volume of 14,431,623. Barclays has a 12-month low of $6.91 and a 12-month high of $13.57. The company's 50 day simple moving average is $12.36 and its two-hundred day simple moving average is $11.62. 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 stock has a market capitalization of $47.18 billion, a price-to-earnings ratio of 8.84 and a beta of 1.41.

Barclays (NYSE:BCS - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 EPS for the quarter. The company had revenue of $8.52 billion for the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. During the same period last year, the business earned $0.42 earnings per share. Analysts predict that Barclays will post 1.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BCS. Allspring Global Investments Holdings LLC purchased a new stake in shares of Barclays in the 1st quarter worth $89,000. Janney Montgomery Scott LLC raised its stake in shares of Barclays by 8.0% in the first quarter. Janney Montgomery Scott LLC now owns 43,447 shares of the financial services provider's stock worth $411,000 after buying an additional 3,226 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of Barclays by 18.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 50,312 shares of the financial services provider's stock valued at $475,000 after buying an additional 7,734 shares in the last quarter. Sei Investments Co. increased its holdings in Barclays by 26.0% in the 1st quarter. Sei Investments Co. now owns 1,238,789 shares of the financial services provider's stock worth $11,706,000 after acquiring an additional 255,300 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Barclays by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 159,804 shares of the financial services provider's stock worth $1,510,000 after acquiring an additional 4,873 shares during the period. 3.39% of the stock is currently owned by 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.