Barclays (NYSE:BCS) Sets New 12-Month High – Time to Buy?

Barclays PLC (NYSE:BCS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $15.43 and last traded at $15.36, with a volume of 441851 shares changing hands. The stock had previously closed at $15.23.

Wall Street Analysts Forecast Growth

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

Barclays Price Performance

The company has a market cap of $55.47 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 0.46 and a beta of 1.41. The stock has a fifty day simple moving average of $13.84 and a two-hundred day simple moving average of $12.83. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67.

Institutional Investors Weigh In On Barclays

A number of hedge funds and other institutional investors have recently bought and sold shares of BCS. Redhawk Wealth Advisors Inc. acquired a new position in Barclays during the third quarter worth about $423,000. Creative Planning boosted its position in shares of Barclays by 12.1% in the third quarter. Creative Planning now owns 311,466 shares of the financial services provider’s stock worth $3,784,000 after acquiring an additional 33,538 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Barclays by 40.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 14,160 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 4,082 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in Barclays by 22.7% during the third quarter. Aaron Wealth Advisors LLC now owns 26,760 shares of the financial services provider’s stock valued at $325,000 after acquiring an additional 4,959 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Barclays by 398.5% during the 3rd quarter. Blue Trust Inc. now owns 31,425 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 25,121 shares during the period. 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.