Goldman Sachs Group Upgrades Barclays (BCS) to Neutral
Goldman Sachs Group upgraded shares of Barclays (NYSE:BCS) from a sell rating to a neutral rating in a research note published on Thursday morning, MarketBeat Ratings reports.
BCS has been the subject of a number of other reports. ValuEngine raised Barclays from a hold rating to a buy rating in a report on Thursday, March 1st. UBS Group reaffirmed a buy rating on shares of Barclays in a report on Monday, December 11th. Zacks Investment Research cut Barclays from a hold rating to a strong sell rating in a report on Tuesday, November 28th. Macquarie raised Barclays from an underperform rating to a neutral rating in a report on Wednesday, November 29th. Finally, Bank of America raised Barclays from an underperform rating to a buy rating in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $11.25.
Barclays (BCS) opened at $11.77 on Thursday. The stock has a market capitalization of $50,210.13, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 0.58 and a beta of 0.81. Barclays has a twelve month low of $9.29 and a twelve month high of $12.02. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.27 and a current ratio of 1.27.
In other Barclays news, major shareholder Plc Barclays sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $10.00, for a total transaction of $250,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 25,107 shares of company stock valued at $251,081 over the last three months. Company insiders own 0.02% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Fisher Asset Management LLC raised its holdings in Barclays by 9.7% during the 4th quarter. Fisher Asset Management LLC now owns 22,652,176 shares of the financial services provider’s stock worth $246,909,000 after purchasing an additional 1,997,444 shares during the last quarter. Jane Street Group LLC raised its holdings in Barclays by 33.9% during the 4th quarter. Jane Street Group LLC now owns 8,504,935 shares of the financial services provider’s stock worth $92,704,000 after purchasing an additional 2,153,809 shares during the last quarter. Deutsche Bank AG raised its holdings in Barclays by 516.1% during the 4th quarter. Deutsche Bank AG now owns 6,954,812 shares of the financial services provider’s stock worth $75,807,000 after purchasing an additional 5,826,043 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Barclays by 13.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,730,934 shares of the financial services provider’s stock worth $38,615,000 after purchasing an additional 450,707 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Barclays by 28.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,171,303 shares of the financial services provider’s stock worth $12,767,000 after purchasing an additional 258,100 shares during the last quarter. 2.55% of the stock is owned by hedge funds and other institutional investors.
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Barclays Company Profile
Barclays PLC, is a global financial services holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays International. The Barclays UK segment includes the local consumer, small business, the United Kingdom wealth and credit cards business.
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