Barclays (NYSE:BCS) Coverage Initiated at The Goldman Sachs Group

Research analysts at The Goldman Sachs Group initiated coverage on shares of Barclays (NYSE:BCS) in a report issued on Tuesday, Briefing.com reports. The firm set a “buy” rating on the financial services provider’s stock.

Several other research analysts have also commented on BCS. Kepler Capital Markets began coverage on shares of Barclays in a research note on Thursday, September 5th. They issued a “buy” rating for the company. StockNews.com raised shares of Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Barclays Trading Up 0.4 %

NYSE BCS opened at $12.12 on Tuesday. The company has a fifty day simple moving average of $11.77 and a two-hundred day simple moving average of $11.00. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.98. The stock has a market cap of $44.91 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.66 and a beta of 1.42. Barclays has a 12-month low of $6.23 and a 12-month high of $12.49.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Barclays had a return on equity of 5.94% and a net margin of 16.83%. The business had revenue of $7.98 billion during the quarter. During the same quarter last year, the firm earned $0.43 earnings per share. On average, analysts forecast that Barclays will post 1.68 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC acquired a new position in Barclays in the second quarter worth $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Barclays by 71.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,524 shares in the last quarter. GAMMA Investing LLC grew its position in Barclays by 51.7% in the first quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock worth $42,000 after buying an additional 1,503 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Barclays during the first quarter worth $48,000. Finally, Blue Trust Inc. lifted its stake in Barclays by 452.5% during the second quarter. Blue Trust Inc. now owns 6,304 shares of the financial services provider’s stock valued at $68,000 after buying an additional 5,163 shares in the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

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.