Barclays (NYSE:BCS) Lowered to "Hold" Rating by Wall Street Zen

Wall Street Zen downgraded shares of Barclays (NYSE:BCS) from a buy rating to a hold rating in a report released on Sunday.

Barclays Stock Down 2.1%

NYSE:BCS traded down $0.39 during mid-day trading on Friday, reaching $18.42. The stock had a trading volume of 12,656,719 shares, compared to its average volume of 15,114,646. The business's 50 day moving average is $17.70 and its 200 day moving average is $15.80. Barclays has a fifty-two week low of $10.23 and a fifty-two week high of $18.82. The stock has a market cap of $65.21 billion, a P/E ratio of 9.35, a PEG ratio of 0.45 and a beta of 1.10. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.39 and a quick ratio of 1.39.

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

Institutional Investors Weigh In On Barclays

A number of large investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. bought a new stake in shares of Barclays in the first quarter valued at approximately $29,000. Elequin Capital LP bought a new stake in shares of Barclays in the first quarter valued at approximately $30,000. Wealthquest Corp bought a new stake in shares of Barclays in the first quarter valued at approximately $32,000. TD Private Client Wealth LLC boosted its position in shares of Barclays by 135.5% in the fourth quarter. TD Private Client Wealth LLC now owns 2,916 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 1,678 shares during the period. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Barclays in the first quarter valued at approximately $40,000. Institutional investors own 3.39% of the company's stock.

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.