Barclays (NYSE:BCS) Sets New 12-Month High After Strong Earnings

Barclays PLC (NYSE:BCS) shares reached a new 52-week high during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $19.99 and last traded at $19.89, with a volume of 3553324 shares trading hands. The stock had previously closed at $19.41.CSX Stock Rally: Strong Options Flow, Analyst Price TargetsThe financial services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.12. Barclays had a net margin of 21.27% and a return on equity of 8.04%. Analyst Ratings ChangesA number of research firms have commented on BCS. Wall Street Zen downgraded shares of Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Finally, Citigroup cut shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".Top 3 Beverage Stocks Pouring Out ProfitsRead Our Latest Stock Report on BCSInstitutional Trading of BarclaysA number of institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of Barclays during the 1st quarter valued at approximately $29,000. Elequin Capital LP bought a new position in Barclays during the first quarter valued at about $30,000. Wealthquest Corp bought a new position in Barclays during the first quarter valued at about $32,000. Zions Bancorporation National Association UT purchased a new stake in shares of Barclays during the first quarter valued at $40,000. Finally, WPG Advisers LLC purchased a new stake in Barclays in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 3.39% of the company's stock. Barclays Stock PerformanceBath & Body Works Rebound Ahead? Why Analysts Remain OptimisticThe firm has a 50 day moving average of $18.20 and a 200-day moving average of $16.26. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $70.04 billion, a PE ratio of 10.04, a P/E/G ratio of 0.47 and a beta of 1.10. About Barclays (Get Free Report)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.Featured StoriesFive stocks we like better than BarclaysShould You Invest in Penny Stocks?Deckers Stock Recovers on Strong Earnings—More Upside Ahead?What is the Euro STOXX 50 Index?A New Data Center Overhaul Could Push Super Micro Computer Higher3 Tickers Leading a Meme Stock RevivalCrowdStrike Stock Eyes Next Move With AI in FocusThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Barclays Right Now?Before you consider Barclays, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barclays wasn't on the list.While Barclays currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here