Barclays (NYSE:BCS) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Barclays (NYSE:BCS) in a research report issued on Thursday, Briefing.com reports. The firm set a “buy” rating on the financial services provider’s stock.

Separately, StockNews.com downgraded Barclays from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $190.00.

Barclays Trading Up 0.9 %

NYSE BCS opened at $10.72 on Thursday. Barclays has a 52 week low of $6.23 and a 52 week high of $10.73. The company has a 50 day moving average price of $9.44 and a 200 day moving average price of $8.11. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 6.15. The firm has a market cap of $40.64 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.39 and a beta of 1.43.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Tuesday, February 20th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.39). The business had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.38 billion. Barclays had a return on equity of 6.13% and a net margin of 17.21%. As a group, sell-side analysts forecast that Barclays will post 1.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Barclays

A number of institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE grew its holdings in Barclays by 41.2% during the first quarter. US Bancorp DE now owns 105,772 shares of the financial services provider’s stock worth $1,000,000 after acquiring an additional 30,875 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Barclays by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 159,804 shares of the financial services provider’s stock worth $1,510,000 after purchasing an additional 4,873 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Barclays by 179.6% during the 1st quarter. QRG Capital Management Inc. now owns 480,118 shares of the financial services provider’s stock valued at $4,537,000 after purchasing an additional 308,390 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Barclays by 26.0% in the 1st quarter. Sei Investments Co. now owns 1,238,789 shares of the financial services provider’s stock valued at $11,706,000 after purchasing an additional 255,300 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in Barclays during the first quarter worth $208,000. Institutional investors and hedge funds 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.