Royal Bank of Scotland Group (NYSE:RBS) Trading 5.6% Higher

Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) traded up 5.6% during mid-day trading on Thursday . The company traded as high as $4.95 and last traded at $4.94, 1,992,259 shares were traded during mid-day trading. An increase of 118% from the average session volume of 914,647 shares. The stock had previously closed at $4.68.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Royal Bank of Scotland Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Investec upgraded shares of Royal Bank of Scotland Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Barclays downgraded shares of Royal Bank of Scotland Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. ValuEngine upgraded shares of Royal Bank of Scotland Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Bank of America downgraded shares of Royal Bank of Scotland Group from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Royal Bank of Scotland Group currently has an average rating of “Hold” and an average price target of $6.25.

The stock has a market capitalization of $28.25 billion, a P/E ratio of 8.36 and a beta of 1.16. The firm’s fifty day moving average is $4.87 and its 200-day moving average is $5.61. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21.

Royal Bank of Scotland Group (NYSE:RBS) last announced its quarterly earnings results on Friday, August 2nd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. Royal Bank of Scotland Group had a net margin of 17.89% and a return on equity of 6.04%. The firm had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.48 billion. Equities research analysts expect that Royal Bank of Scotland Group PLC will post 0.75 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in RBS. Bank of America Corp DE raised its holdings in Royal Bank of Scotland Group by 41.6% in the 2nd quarter. Bank of America Corp DE now owns 2,360,246 shares of the financial services provider’s stock valued at $13,406,000 after buying an additional 693,077 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Royal Bank of Scotland Group in the second quarter worth $2,388,000. Renaissance Technologies LLC grew its stake in shares of Royal Bank of Scotland Group by 7.3% in the second quarter. Renaissance Technologies LLC now owns 5,387,700 shares of the financial services provider’s stock worth $30,602,000 after acquiring an additional 366,100 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Royal Bank of Scotland Group in the second quarter worth $1,018,000. Finally, Vilas Fund LP purchased a new stake in shares of Royal Bank of Scotland Group in the second quarter worth $795,000. 0.60% of the stock is owned by institutional investors.

Royal Bank of Scotland Group Company Profile (NYSE:RBS)

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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