Checchi Capital Advisers LLC Grows Stake in Royal Bank of Scotland Group PLC (NYSE:RBS)

Checchi Capital Advisers LLC increased its holdings in shares of Royal Bank of Scotland Group PLC (NYSE:RBS) by 20.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,987 shares of the financial services provider’s stock after purchasing an additional 2,729 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Royal Bank of Scotland Group were worth $82,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Atria Investments LLC purchased a new stake in shares of Royal Bank of Scotland Group during the second quarter worth about $84,000. A.R.T. Advisors LLC grew its position in shares of Royal Bank of Scotland Group by 101.5% during the second quarter. A.R.T. Advisors LLC now owns 79,793 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 40,199 shares in the last quarter. Advisor Partners LLC grew its position in shares of Royal Bank of Scotland Group by 19.2% during the third quarter. Advisor Partners LLC now owns 16,942 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 2,728 shares in the last quarter. Sage Rhino Capital LLC purchased a new stake in shares of Royal Bank of Scotland Group during the second quarter worth about $61,000. Finally, Aperio Group LLC grew its position in shares of Royal Bank of Scotland Group by 5.9% during the second quarter. Aperio Group LLC now owns 1,017,029 shares of the financial services provider’s stock worth $5,777,000 after purchasing an additional 56,881 shares in the last quarter. Hedge funds and other institutional investors own 0.60% of the company’s stock.

Several analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and set a $418.00 target price on shares of Royal Bank of Scotland Group in a research report on Thursday, October 24th. Zacks Investment Research cut Royal Bank of Scotland Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 8th. HSBC cut Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Deutsche Bank raised their price target on Royal Bank of Scotland Group from $215.00 to $235.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Macquarie cut Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, August 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $230.85.

NYSE RBS opened at $5.79 on Friday. The stock has a market capitalization of $34.59 billion, a PE ratio of 12.06 and a beta of 1.17. The business has a 50 day simple moving average of $5.49 and a two-hundred day simple moving average of $5.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.06 and a quick ratio of 1.06. Royal Bank of Scotland Group PLC has a 1-year low of $4.33 and a 1-year high of $7.31.

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

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