Barclays (NYSE:BCS) Upgraded at Wall Street Zen

Key Points

• Barclays has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating positive sentiment from analysts.
• The stock is currently rated as a "Moderate Buy" by four analysts, with recent performance including a reported EPS of $0.62, surpassing estimates.
• Institutional investors have increased their holdings in Barclays, with Fisher Asset Management boosting its position by 13.2% in the last quarter.

Barclays (NYSE:BCS) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

BCS has been the subject of a number of other research reports. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Morgan Stanley reaffirmed an "overweight" rating on shares of Barclays in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Barclays presently has a consensus rating of "Moderate Buy".

Barclays Stock Down 1.4%

BCS opened at $20.72 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70. Barclays has a 52 week low of $11.48 and a 52 week high of $21.13. The firm has a 50-day simple moving average of $19.90 and a two-hundred day simple moving average of $17.66. The company has a market capitalization of $72.80 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14.

Barclays (NYSE:BCS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. Barclays had a return on equity of 8.49% and a net margin of 22.11%.The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. Analysts forecast that Barclays will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its position in Barclays by 13.2% during the second quarter. Fisher Asset Management LLC now owns 83,062,892 shares of the financial services provider's stock valued at $1,544,139,000 after purchasing an additional 9,692,999 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Barclays by 37.6% in the 1st quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider's stock valued at $516,163,000 after buying an additional 9,188,263 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Barclays by 78.7% in the 1st quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider's stock worth $136,593,000 after buying an additional 3,917,785 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Barclays by 11.4% in the 1st quarter. Raymond James Financial Inc. now owns 4,976,635 shares of the financial services provider's stock worth $76,441,000 after purchasing an additional 509,110 shares in the last quarter. Finally, Duquesne Family Office LLC grew its stake in shares of Barclays by 19.8% during the first quarter. Duquesne Family Office LLC now owns 3,817,305 shares of the financial services provider's stock worth $58,634,000 after acquiring an additional 630,450 shares during 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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