Royal Bank of Scotland Group (NYSE:RBS) Trading 5.7% Higher

Royal Bank of Scotland Group PLC (NYSE:RBS) traded up 5.7% during trading on Friday . The stock traded as high as $5.26 and last traded at $5.22, 1,556,800 shares changed hands during trading. An increase of 78% from the average session volume of 872,987 shares. The stock had previously closed at $4.94.

Several equities research analysts have commented on the stock. HSBC downgraded shares of Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Zacks Investment Research downgraded shares of Royal Bank of Scotland Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Deutsche Bank downgraded shares of Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a report on Friday, September 6th. ValuEngine downgraded shares of Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a report on Thursday, May 23rd. Finally, Bank of America downgraded shares of Royal Bank of Scotland Group from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 23rd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Royal Bank of Scotland Group presently has an average rating of “Hold” and an average price target of $6.25.

The company has a 50-day moving average price of $4.85 and a two-hundred day moving average price of $5.88. The stock has a market capitalization of $29.82 billion, a P/E ratio of 10.88 and a beta of 1.13. The company has a quick ratio of 1.05, a current 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. Royal Bank of Scotland Group had a return on equity of 6.04% and a net margin of 17.89%. The firm had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.48 billion. On average, sell-side analysts expect that Royal Bank of Scotland Group PLC will post 0.75 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Tuesday, August 20th. Stockholders of record on Friday, August 16th were given a dividend of $0.332 per share. The ex-dividend date was Thursday, August 15th. This is a boost from Royal Bank of Scotland Group’s previous dividend of $0.05. Royal Bank of Scotland Group’s dividend payout ratio is currently 16.67%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new stake in shares of Royal Bank of Scotland Group during the first quarter valued at about $37,000. Pacer Advisors Inc. bought a new position in shares of Royal Bank of Scotland Group in the second quarter worth approximately $45,000. Tower Research Capital LLC TRC bought a new position in shares of Royal Bank of Scotland Group in the second quarter worth approximately $55,000. Sage Rhino Capital LLC bought a new position in shares of Royal Bank of Scotland Group in the second quarter worth approximately $61,000. Finally, First Trust Advisors LP bought a new position in shares of Royal Bank of Scotland Group in the second quarter worth approximately $81,000. Hedge funds and other institutional investors own 0.60% of the company’s stock.

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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