Barclays (NYSE:BCS) Shares Gap Down – What’s Next?

Barclays PLC (NYSE:BCS) shares gapped down before the market opened on Friday . The stock had previously closed at $13.32, but opened at $12.88. Barclays shares last traded at $12.98, with a volume of 1,679,828 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Barclays from a “strong-buy” rating to a “buy” rating in a research note on Friday. The Goldman Sachs Group initiated coverage on Barclays in a research report on Tuesday, October 8th. They issued a “buy” rating on the stock. Finally, Kepler Capital Markets initiated coverage on Barclays in a research note on Thursday, September 5th. They set a “buy” rating for the company.

Barclays Stock Down 2.6 %

The firm has a market capitalization of $47.01 billion, a price-to-earnings ratio of 8.86 and a beta of 1.41. The business’s 50-day moving average is $12.54 and its two-hundred day moving average is $11.73. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.35 and a current ratio of 1.35.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. The company had revenue of $8.52 billion for the quarter. During the same period in the prior year, the business earned $0.42 earnings per share. On average, equities analysts anticipate that Barclays PLC will post 1.71 earnings per share for the current year.

Institutional Investors Weigh In On Barclays

Several large investors have recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in shares of Barclays in the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Barclays by 71.8% in the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,524 shares during the period. Symphony Financial Ltd. Co. bought a new stake in shares of Barclays during the third quarter worth $42,000. EntryPoint Capital LLC acquired a new stake in shares of Barclays during the first quarter worth $48,000. Finally, Hexagon Capital Partners LLC lifted its position in Barclays by 32.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,132 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors.

About Barclays

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.