Barclays PLC (NYSE:BCS) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 4,252,846 shares, an increase of 83.3% from the April 15th total of 2,319,553 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,835,262 shares, the short-interest ratio is currently 0.6 days.
Institutional Investors Weigh In On Barclays
A number of institutional investors and hedge funds have recently made changes to their positions in BCS. NewEdge Advisors LLC raised its stake in shares of Barclays by 72.8% in the 1st quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 19,818 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Barclays by 19.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 3,868 shares during the period. Rhumbline Advisers raised its stake in shares of Barclays by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 45,179 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 2,885 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Barclays in the 2nd quarter valued at approximately $451,000. Finally, Cerity Partners LLC raised its stake in shares of Barclays by 3.2% in the 2nd quarter. Cerity Partners LLC now owns 243,698 shares of the financial services provider’s stock valued at $4,530,000 after acquiring an additional 7,604 shares during the period. 3.39% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
BCS has been the topic of several research reports. BNP Paribas Exane downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Erste Group Bank reissued a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Wednesday, February 11th. Finally, Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Barclays presently has an average rating of “Hold”.
Barclays Price Performance
Shares of BCS stock opened at $22.94 on Tuesday. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50-day moving average is $22.35 and its two-hundred day moving average is $23.68. Barclays has a 12 month low of $17.22 and a 12 month high of $27.70. The company has a market capitalization of $78.21 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.42 and a beta of 1.01.
Barclays (NYSE:BCS – Get Free Report) last issued its earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Barclays had a net margin of 21.10% and a return on equity of 8.12%. The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $10.88 billion. Analysts predict that Barclays will post 2.75 earnings per share for the current year.
About Barclays
Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.
In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.
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