Royal Bank of Scotland Group (NYSE:RBS) Downgraded by Macquarie

Macquarie downgraded shares of Royal Bank of Scotland Group (NYSE:RBS) from an outperform rating to a neutral rating in a report released on Wednesday, Briefing.com Automated Import reports.

Several other research analysts also recently weighed in on RBS. Numis Securities raised shares of Royal Bank of Scotland Group from an add rating to a buy rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods downgraded shares of Royal Bank of Scotland Group from an outperform rating to an underperform rating in a report on Wednesday, May 1st. Bank of America downgraded shares of Royal Bank of Scotland Group from a neutral rating to an underperform rating in a report on Tuesday, July 23rd. ValuEngine downgraded shares of Royal Bank of Scotland Group from a sell rating to a strong sell rating in a report on Thursday, May 23rd. Finally, Zacks Investment Research downgraded shares of Royal Bank of Scotland Group from a buy rating to a hold rating in a report on Tuesday, June 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $6.25.

Shares of NYSE:RBS traded down $0.48 during midday trading on Wednesday, hitting $4.36. The company had a trading volume of 56,122 shares, compared to its average volume of 807,530. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $29.52 billion, a P/E ratio of 9.10 and a beta of 1.11. Royal Bank of Scotland Group has a 12-month low of $4.81 and a 12-month high of $7.31. The business has a fifty day simple moving average of $5.54.

The company also recently announced a dividend, which will be paid on Tuesday, August 20th. Investors of record on Friday, August 16th will be issued a $0.332 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Royal Bank of Scotland Group’s previous dividend of $0.05. Royal Bank of Scotland Group’s dividend payout ratio is currently 35.42%.

Institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its holdings in shares of Royal Bank of Scotland Group by 81.9% during the 1st quarter. Quadrant Capital Group LLC now owns 33,061 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 14,886 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in shares of Royal Bank of Scotland Group by 22.4% during the 1st quarter. Wetherby Asset Management Inc. now owns 28,316 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 5,183 shares during the last quarter. Advisor Partners LLC boosted its holdings in shares of Royal Bank of Scotland Group by 22.9% during the 1st quarter. Advisor Partners LLC now owns 15,027 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 2,796 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Royal Bank of Scotland Group by 17.5% during the 4th quarter. Two Sigma Advisers LP now owns 120,400 shares of the financial services provider’s stock valued at $673,000 after purchasing an additional 17,900 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Royal Bank of Scotland Group by 17.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 3,171,259 shares of the financial services provider’s stock valued at $20,677,000 after purchasing an additional 470,456 shares during the last quarter. 0.62% of the stock is owned by institutional investors.

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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