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

Barclays PLC (NYSE:BCS)'s share price hit a new 52-week high on Wednesday . The company traded as high as $19.24 and last traded at $19.15, with a volume of 906835 shares trading hands. The stock had previously closed at $18.94.

Analyst Ratings Changes

A number of research firms have weighed in on BCS. Citigroup lowered shares of Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Barclays from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Barclays has a consensus rating of "Moderate Buy".

Barclays Stock Up 1.1%

The business's fifty day moving average price is $18.17 and its 200 day moving average price is $16.19. 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 firm has a market capitalization of $69.42 billion, a PE ratio of 9.95, a PEG ratio of 0.47 and a beta of 1.10.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in Barclays by 1.1% during the second quarter. Fifth Third Bancorp now owns 56,035 shares of the financial services provider's stock worth $1,042,000 after acquiring an additional 599 shares during the last quarter. Ballentine Partners LLC grew its holdings in Barclays by 2.2% during the 1st quarter. Ballentine Partners LLC now owns 31,547 shares of the financial services provider's stock worth $485,000 after acquiring an additional 668 shares in the last quarter. RNC Capital Management LLC grew its holdings in Barclays by 2.3% during the 1st quarter. RNC Capital Management LLC now owns 32,670 shares of the financial services provider's stock worth $502,000 after acquiring an additional 735 shares in the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of Barclays by 2.1% in the 1st quarter. D Orazio & Associates Inc. now owns 36,873 shares of the financial services provider's stock valued at $566,000 after buying an additional 759 shares during the period. Finally, Covenant Partners LLC boosted its holdings in shares of Barclays by 0.8% in the 4th quarter. Covenant Partners LLC now owns 102,166 shares of the financial services provider's stock valued at $1,358,000 after buying an additional 772 shares during the period. 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.