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

Shares of Barclays PLC (NYSE:BCS) hit a new 52-week high on Thursday . The stock traded as high as $18.80 and last traded at $18.75, with a volume of 10066692 shares trading hands. The stock had previously closed at $18.63.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Barclays from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th.

Barclays Price Performance

The company has a 50 day moving average of $17.60 and a 200 day moving average of $15.71. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.75. The stock has a market capitalization of $66.84 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.44 and a beta of 1.10.

Barclays (NYSE:BCS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. The company had revenue of $10.32 billion during the quarter, compared to the consensus estimate of $8.37 billion. Barclays had a return on equity of 8.04% and a net margin of 21.27%. As a group, equities research analysts forecast that Barclays PLC will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Barclays

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Barclays by 8.9% in the fourth quarter. Bank of New York Mellon Corp now owns 900,577 shares of the financial services provider's stock worth $11,969,000 after buying an additional 73,724 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Barclays by 60.9% in the 4th quarter. Jones Financial Companies Lllp now owns 22,447 shares of the financial services provider's stock worth $298,000 after buying an additional 8,496 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Barclays by 15.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 308,721 shares of the financial services provider's stock worth $4,103,000 after acquiring an additional 40,437 shares during the last quarter. Assetmark Inc. grew its position in Barclays by 1,434.5% during the 4th quarter. Assetmark Inc. now owns 12,706 shares of the financial services provider's stock worth $169,000 after acquiring an additional 11,878 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in Barclays by 1.1% during the 4th quarter. Pzena Investment Management LLC now owns 86,226 shares of the financial services provider's stock worth $1,146,000 after buying an additional 924 shares in the last quarter. 3.39% of the stock is owned by institutional investors.

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.

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