Royal Bank of Scotland Group (NYSE:RBS) Trading Down 7.9%

Royal Bank of Scotland Group PLC (NYSE:RBS)’s share price dropped 7.9% during trading on Friday . The company traded as low as $5.47 and last traded at $5.48, approximately 3,308,503 shares were traded during trading. An increase of 141% from the average daily volume of 1,370,332 shares. The stock had previously closed at $5.95.

A number of analysts recently commented on RBS shares. Morgan Stanley raised Royal Bank of Scotland Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 16th. Credit Suisse Group assumed coverage on shares of Royal Bank of Scotland Group in a research report on Tuesday. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Royal Bank of Scotland Group from a “strong sell” rating to a “hold” rating in a report on Saturday, February 1st. Barclays lowered shares of Royal Bank of Scotland Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 14th. Finally, ValuEngine cut shares of Royal Bank of Scotland Group from a “hold” rating to a “sell” rating in a research report on Monday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.25.

The stock has a market cap of $34.65 billion, a PE ratio of 13.70 and a beta of 1.19. The business has a fifty day simple moving average of $5.99 and a two-hundred day simple moving average of $5.56. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Royal Bank of Scotland Group by 51.1% during the third quarter. Pacer Advisors Inc. now owns 12,001 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 4,060 shares in the last quarter. Virtu Financial LLC purchased a new stake in Royal Bank of Scotland Group in the third quarter worth $66,000. FMR LLC grew its stake in Royal Bank of Scotland Group by 908.5% in the fourth quarter. FMR LLC now owns 11,739 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 10,575 shares during the period. Checchi Capital Advisers LLC raised its holdings in Royal Bank of Scotland Group by 20.6% in the third quarter. Checchi Capital Advisers LLC now owns 15,987 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 2,729 shares in the last quarter. Finally, Atria Investments LLC bought a new position in Royal Bank of Scotland Group in the second quarter worth $84,000. Institutional investors own 0.58% of the company’s stock.

About Royal Bank of Scotland Group (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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