Royal Bank of Scotland Group (RBS) Given Consensus Rating of “Hold” by Analysts

Royal Bank of Scotland Group (NYSE:RBS) has been assigned an average recommendation of “Hold” from the seventeen analysts that are covering the stock, MarketBeat reports. Twelve research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several equities research analysts recently issued reports on the company. 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. Deutsche Bank upgraded Royal Bank of Scotland Group from a “hold” rating to a “buy” rating in a research note on Monday, March 26th. 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. ValuEngine cut Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, 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.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBS. Bank of New York Mellon Corp lifted its stake in shares of Royal Bank of Scotland Group by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,738,718 shares of the financial services provider’s stock valued at $34,499,000 after acquiring an additional 226,956 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Royal Bank of Scotland Group by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,871,001 shares of the financial services provider’s stock worth $28,181,000 after acquiring an additional 99,009 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Royal Bank of Scotland Group by 16.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,923,184 shares of the financial services provider’s stock worth $14,001,000 after acquiring an additional 278,429 shares during the period. Fox Run Management L.L.C. acquired a new stake in Royal Bank of Scotland Group during the 4th quarter worth about $189,000. Finally, Narwhal Capital Management grew its holdings in Royal Bank of Scotland Group by 25.1% during the 4th quarter. Narwhal Capital Management now owns 243,065 shares of the financial services provider’s stock worth $1,857,000 after acquiring an additional 48,800 shares during the period. Hedge funds and other institutional investors own 0.52% of the company’s stock.

Shares of RBS stock traded up $0.12 during trading on Thursday, hitting $7.57. The company had a trading volume of 385,752 shares, compared to its average volume of 974,305. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.88. The stock has a market cap of $44,337.32, a P/E ratio of 11.46 and a beta of 1.31. Royal Bank of Scotland Group has a one year low of $5.66 and a one year high of $8.74.

Royal Bank of Scotland Group (NYSE:RBS) last issued its quarterly earnings results on Friday, February 23rd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Royal Bank of Scotland Group had a return on equity of 7.37% and a net margin of 8.98%. analysts forecast that Royal Bank of Scotland Group will post 0.88 EPS for the current year.

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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.

Analyst Recommendations for Royal Bank of Scotland Group (NYSE:RBS)

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