Royal Bank of Scotland Group PLC (NYSE:RBS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $5.63, but opened at $5.66. Royal Bank of Scotland Group shares last traded at $5.63, with a volume of 53996 shares changing hands.

Several brokerages have issued reports on RBS. Zacks Investment Research lowered Royal Bank of Scotland Group from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. ValuEngine lowered Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 7th. Citigroup raised Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a research note on Monday, August 20th. Macquarie upgraded Royal Bank of Scotland Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 6th. Finally, Royal Bank of Canada upgraded Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Royal Bank of Scotland Group has an average rating of “Hold” and an average price target of $8.50.

The firm has a market cap of $33.87 billion, a P/E ratio of 8.71 and a beta of 1.08. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.99 and a quick ratio of 0.99.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Royal Bank of Scotland Group by 210.4% during the third quarter. Bank of New York Mellon Corp now owns 5,336,738 shares of the financial services provider’s stock valued at $34,850,000 after acquiring an additional 3,617,356 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Royal Bank of Scotland Group by 4.9% during the third quarter. Renaissance Technologies LLC now owns 4,435,000 shares of the financial services provider’s stock valued at $28,961,000 after acquiring an additional 205,600 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Royal Bank of Scotland Group by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,090,067 shares of the financial services provider’s stock valued at $26,708,000 after acquiring an additional 33,512 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Royal Bank of Scotland Group by 8.8% during the second quarter. Northern Trust Corp now owns 3,394,933 shares of the financial services provider’s stock valued at $23,086,000 after acquiring an additional 275,077 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in shares of Royal Bank of Scotland Group by 13.9% during the third quarter. Aperio Group LLC now owns 1,028,166 shares of the financial services provider’s stock valued at $6,714,000 after acquiring an additional 125,557 shares in the last quarter. Hedge funds and other institutional investors own 0.59% of the company’s stock.

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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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