Royal Bank of Canada Trims Position in Royal Bank of Scotland Group PLC (NYSE:RBS)

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Royal Bank of Canada trimmed its holdings in Royal Bank of Scotland Group PLC (NYSE:RBS) by 52.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 27,110 shares of the financial services provider’s stock after selling 30,288 shares during the period. Royal Bank of Canada’s holdings in Royal Bank of Scotland Group were worth $74,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Clarius Group LLC purchased a new position in Royal Bank of Scotland Group during the first quarter worth about $27,000. Sontag Advisory LLC acquired a new position in Royal Bank of Scotland Group during the first quarter worth about $29,000. TRUE Private Wealth Advisors acquired a new position in Royal Bank of Scotland Group during the first quarter worth about $31,000. DRW Securities LLC acquired a new position in Royal Bank of Scotland Group during the first quarter worth about $32,000. Finally, HighTower Advisors LLC acquired a new position in Royal Bank of Scotland Group during the first quarter worth about $37,000. 0.51% of the stock is owned by institutional investors and hedge funds.

RBS stock opened at $2.76 on Friday. The company’s 50 day simple moving average is $3.05 and its 200-day simple moving average is $3.67. The firm has a market capitalization of $16.69 billion, a PE ratio of 5.02 and a beta of 1.46. Royal Bank of Scotland Group PLC has a 12 month low of $2.45 and a 12 month high of $7.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06.

Royal Bank of Scotland Group (NYSE:RBS) last announced its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The business had revenue of $4.20 billion for the quarter. Royal Bank of Scotland Group had a net margin of 15.00% and a return on equity of 5.83%. As a group, sell-side analysts anticipate that Royal Bank of Scotland Group PLC will post -0.11 earnings per share for the current year.

Several research analysts have weighed in on RBS shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of Royal Bank of Scotland Group in a research report on Monday, May 4th. Investec lowered shares of Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Zacks Investment Research upgraded shares of Royal Bank of Scotland Group from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research report on Saturday, July 18th. ValuEngine upgraded shares of Royal Bank of Scotland Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Barclays reiterated an “equal weight” rating on shares of Royal Bank of Scotland Group in a research report on Tuesday, May 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.25.

Royal Bank of Scotland Group Company Profile

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

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