Barclays Sees Unusually High Options Volume (BCS)

Barclays PLC (NYSE:BCS) was the recipient of some unusual options trading on Monday. Investors acquired 2,209 put options on the stock. This represents an increase of approximately 942% compared to the average daily volume of 212 put options.

Several equities analysts recently weighed in on the company. ValuEngine lowered Barclays from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Zacks Investment Research lowered Barclays from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. UBS Group restated a “buy” rating on shares of Barclays in a research note on Wednesday, July 11th. Berenberg Bank upgraded Barclays from a “hold” rating to a “buy” rating in a research note on Monday, October 1st. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Barclays in a research note on Tuesday, September 4th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.00.

Shares of Barclays stock opened at $8.49 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 4.91. Barclays has a twelve month low of $8.47 and a twelve month high of $12.55. The stock has a market capitalization of $36.39 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.32 and a beta of 0.75.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.14. Barclays had a positive return on equity of 5.42% and a negative net margin of 0.36%. The firm had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.01 billion. Analysts forecast that Barclays will post 1.04 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC increased its stake in Barclays by 7.9% during the 2nd quarter. Fisher Asset Management LLC now owns 26,821,830 shares of the financial services provider’s stock worth $269,023,000 after buying an additional 1,962,698 shares in the last quarter. CIBC World Markets Inc. increased its stake in Barclays by 5.6% during the 2nd quarter. CIBC World Markets Inc. now owns 1,111,213 shares of the financial services provider’s stock worth $11,145,000 after buying an additional 58,618 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in Barclays during the 2nd quarter worth approximately $6,216,000. Sanders Capital LLC increased its stake in Barclays by 4.3% during the 2nd quarter. Sanders Capital LLC now owns 565,406 shares of the financial services provider’s stock worth $5,671,000 after buying an additional 23,359 shares in the last quarter. Finally, Gator Capital Management LLC increased its stake in Barclays by 16.8% during the 2nd quarter. Gator Capital Management LLC now owns 225,800 shares of the financial services provider’s stock worth $2,265,000 after buying an additional 32,400 shares in the last quarter. Hedge funds and other institutional investors own 3.48% of the company’s stock.

About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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