Royal Bank of Scotland Group PLC (NYSE:RBS) was up 3.6% during mid-day trading on Thursday . The company traded as high as $4.93 and last traded at $4.89, with a volume of 1,999,233 shares trading hands. The stock had previously closed at $4.72.

A number of equities research analysts recently issued reports on RBS shares. JPMorgan Chase & Co. lowered Royal Bank of Scotland Group PLC from a “neutral” rating to an “underweight” rating in a research note on Monday, June 27th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Royal Bank of Scotland Group PLC in a research note on Saturday, April 23rd. Macquarie raised Royal Bank of Scotland Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 5th. BNP Paribas lowered Royal Bank of Scotland Group PLC from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Finally, Zacks Investment Research lowered Royal Bank of Scotland Group PLC from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 14th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $37.03.

The stock’s market capitalization is $28.60 billion. The company has a 50 day moving average price of $5.83 and a 200-day moving average price of $6.66.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Nationwide Fund Advisors raised its position in Royal Bank of Scotland Group PLC by 4.2% in the fourth quarter. Nationwide Fund Advisors now owns 136,811 shares of the company’s stock worth $1,214,000 after buying an additional 5,506 shares in the last quarter. Comerica Bank raised its position in Royal Bank of Scotland Group PLC by 86.1% in the fourth quarter. Comerica Bank now owns 314,935 shares of the company’s stock worth $2,570,000 after buying an additional 145,692 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Royal Bank of Scotland Group PLC by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,169,701 shares of the company’s stock worth $28,115,000 after buying an additional 255,723 shares in the last quarter.

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

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