Royal Bank of Scotland Group Sees Unusually Large Options Volume (RBS)

Royal Bank of Scotland Group PLC (NYSE:RBS) saw some unusual options trading on Thursday. Stock traders bought 5,827 call options on the stock. This represents an increase of 5,246% compared to the typical volume of 109 call options.

Several equities analysts have recently commented on the company. Bank of America cut Royal Bank of Scotland Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Morgan Stanley upgraded Royal Bank of Scotland Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 10th. Sanford C. Bernstein cut Royal Bank of Scotland Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 2nd. Macquarie cut Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 29th. Finally, Zacks Investment Research cut Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $8.25.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new position in Royal Bank of Scotland Group during the second quarter worth $102,000. Institute for Wealth Management LLC. bought a new position in Royal Bank of Scotland Group during the second quarter worth $103,000. Raymond James Financial Services Advisors Inc. bought a new position in Royal Bank of Scotland Group during the second quarter worth $117,000. Fox Run Management L.L.C. bought a new position in Royal Bank of Scotland Group during the fourth quarter worth $189,000. Finally, Quantbot Technologies LP lifted its stake in Royal Bank of Scotland Group by 109.5% during the second quarter. Quantbot Technologies LP now owns 26,025 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 13,600 shares during the last quarter. Hedge funds and other institutional investors own 0.47% of the company’s stock.

Royal Bank of Scotland Group (RBS) opened at $8.40 on Friday. Royal Bank of Scotland Group has a one year low of $5.41 and a one year high of $8.44. The stock has a market capitalization of $49,410.00, a price-to-earnings ratio of -11.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.98 and a current ratio of 0.98.

Royal Bank of Scotland Group (NYSE:RBS) last announced its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Royal Bank of Scotland Group had a positive return on equity of 7.75% and a negative net margin of 17.46%. The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.19 billion. analysts predict that Royal Bank of Scotland Group will post 0.7 EPS for the current fiscal year.

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About Royal Bank of Scotland Group

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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