Barclays (NYSE:BCS) Hits New 1-Year High – Time to Buy?

Barclays PLC (NYSE:BCS) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $15.20 and last traded at $15.18, with a volume of 516482 shares. The stock had previously closed at $14.86.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Barclays from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th.

Barclays Price Performance

The stock’s 50-day moving average is $13.70 and its 200 day moving average is $12.73. The stock has a market capitalization of $55.11 billion, a PE ratio of 10.39, a P/E/G ratio of 0.44 and a beta of 1.40. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67.

Institutional Trading of Barclays

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCS. Choreo LLC lifted its holdings in shares of Barclays by 1.7% in the fourth quarter. Choreo LLC now owns 46,860 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 802 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in Barclays by 2.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 40,500 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 880 shares during the period. M&T Bank Corp boosted its position in Barclays by 4.7% during the 3rd quarter. M&T Bank Corp now owns 20,568 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 918 shares in the last quarter. Callan Capital LLC grew its holdings in Barclays by 5.4% in the fourth quarter. Callan Capital LLC now owns 19,930 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 1,013 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in shares of Barclays by 10.0% in the third quarter. Apollon Wealth Management LLC now owns 11,826 shares of the financial services provider’s stock worth $144,000 after buying an additional 1,075 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.