Barclays PLC (NYSE:BCS) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 4,960,000 shares, a growth of 10.2% from the June 15th total of 4,500,000 shares. Based on an average daily volume of 8,490,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company’s stock are sold short.
Analysts Set New Price Targets
A number of research analysts have issued reports on BCS shares. BCS lowered their price objective on Barclays from GBX 210 ($2.75) to GBX 190 ($2.48) in a research note on Thursday, July 6th. StockNews.com started coverage on shares of Barclays in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada upgraded Barclays from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Barclays presently has a consensus rating of “Moderate Buy” and an average target price of $210.00.
Institutional Trading of Barclays
A number of institutional investors and hedge funds have recently made changes to their positions in BCS. BOKF NA acquired a new stake in shares of Barclays in the first quarter valued at about $26,000. Altshuler Shaham Ltd raised its stake in Barclays by 100.0% during the first quarter. Altshuler Shaham Ltd now owns 4,000 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 2,000 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Barclays in the 4th quarter valued at $32,000. Global Retirement Partners LLC raised its stake in shares of Barclays by 236.5% in the 1st quarter. Global Retirement Partners LLC now owns 4,109 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 2,888 shares during the period. Finally, Belpointe Asset Management LLC acquired a new position in shares of Barclays in the 4th quarter worth approximately $42,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.
Barclays Stock Up 1.8 %
Barclays (NYSE:BCS – Get Free Report) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $8.79 billion for the quarter. Barclays had a net margin of 20.97% and a return on equity of 7.65%. Equities research analysts forecast that Barclays will post 1.74 EPS for the current fiscal year.
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 two segments, Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
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