Atlas Capital Advisors LLC Sells 33,689 Shares of Royal Bank of Scotland Group PLC (RBS)

Atlas Capital Advisors LLC reduced its stake in Royal Bank of Scotland Group PLC (NYSE:RBS) by 66.4% during the third quarter, Holdings Channel reports. The fund owned 17,027 shares of the financial services provider’s stock after selling 33,689 shares during the period. Atlas Capital Advisors LLC’s holdings in Royal Bank of Scotland Group were worth $112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC grew its holdings in Royal Bank of Scotland Group by 15.6% during the second quarter. Aperio Group LLC now owns 902,609 shares of the financial services provider’s stock valued at $6,138,000 after purchasing an additional 121,593 shares during the period. CIBC World Markets Inc. grew its holdings in Royal Bank of Scotland Group by 18.4% during the second quarter. CIBC World Markets Inc. now owns 585,712 shares of the financial services provider’s stock valued at $3,983,000 after purchasing an additional 91,100 shares during the period. Renaissance Technologies LLC grew its holdings in Royal Bank of Scotland Group by 8.4% during the second quarter. Renaissance Technologies LLC now owns 4,229,400 shares of the financial services provider’s stock valued at $28,760,000 after purchasing an additional 329,100 shares during the period. HPM Partners LLC grew its holdings in Royal Bank of Scotland Group by 45.7% during the second quarter. HPM Partners LLC now owns 40,245 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 12,624 shares during the period. Finally, Jane Street Group LLC acquired a new position in Royal Bank of Scotland Group during the second quarter valued at approximately $1,401,000. 0.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of RBS opened at $5.69 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 0.99. Royal Bank of Scotland Group PLC has a twelve month low of $5.43 and a twelve month high of $8.74. The company has a market capitalization of $33.21 billion, a price-to-earnings ratio of 8.75 and a beta of 1.08.

A number of research analysts recently issued reports on the stock. ValuEngine cut shares of Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a report on Friday, November 16th. Zacks Investment Research cut shares of Royal Bank of Scotland Group from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. UBS Group upgraded shares of Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Friday, August 10th. Societe Generale upgraded shares of Royal Bank of Scotland Group from a “sell” rating to a “hold” rating in a report on Monday, September 10th. Finally, Goldman Sachs Group upgraded shares of Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $8.50.

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About Royal Bank of Scotland Group

The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. It operates through Personal & Business Banking, Commercial & Private Banking, RBS International, and NatWest Markets segments.

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Want to see what other hedge funds are holding RBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Bank of Scotland Group PLC (NYSE:RBS).

Institutional Ownership by Quarter for Royal Bank of Scotland Group (NYSE:RBS)

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