Zacks Investment Research upgraded shares of Royal Bank of Scotland Group (NYSE:RBS) from a strong sell rating to a hold rating in a research report report published on Friday morning.

According to Zacks, “The Royal Bank of Scotland Group plc is the holding company of one of the world’s largest banking and financial services groups, with a market capitalisation of £62.8 billion at the end of 2006. Headquartered in Edinburgh, the Group operates in the UK, US and internationally through its two principal subsidiaries, the Royal Bank and NatWest. Both the Royal Bank and NatWest are major UK clearing banks whose origins go back over 275 years. In the US, the Group’s subsidiary Citizens is ranked the eighth largest commercial banking organisation by deposits. The Group has a large and diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers. “

RBS has been the subject of several other reports. ValuEngine upgraded shares of Royal Bank of Scotland Group from a strong sell rating to a sell rating in a report on Saturday, January 19th. Macquarie upgraded shares of Royal Bank of Scotland Group from a neutral rating to an outperform rating in a report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Royal Bank of Scotland Group has a consensus rating of Buy and a consensus target price of $8.50.

RBS stock opened at $6.42 on Friday. Royal Bank of Scotland Group has a 52-week low of $4.98 and a 52-week high of $8.61. The company has a market cap of $39.16 billion, a PE ratio of 9.88 and a beta of 0.91. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.02.

Royal Bank of Scotland Group (NYSE:RBS) last released its earnings results on Friday, October 26th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.09). Royal Bank of Scotland Group had a net margin of 7.46% and a return on equity of 5.41%. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Sell-side analysts predict that Royal Bank of Scotland Group will post 0.81 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in RBS. Jane Street Group LLC purchased a new position in Royal Bank of Scotland Group in the 2nd quarter worth approximately $1,401,000. Northern Trust Corp raised its holdings in Royal Bank of Scotland Group by 8.8% in the 2nd quarter. Northern Trust Corp now owns 3,394,933 shares of the financial services provider’s stock worth $23,086,000 after acquiring an additional 275,077 shares during the last quarter. Lourd Capital LLC purchased a new position in Royal Bank of Scotland Group in the 3rd quarter worth approximately $115,000. Aperio Group LLC raised its holdings in Royal Bank of Scotland Group by 13.9% in the 3rd quarter. Aperio Group LLC now owns 1,028,166 shares of the financial services provider’s stock worth $6,714,000 after acquiring an additional 125,557 shares during the last quarter. Finally, Narwhal Capital Management raised its holdings in Royal Bank of Scotland Group by 3.7% in the 3rd quarter. Narwhal Capital Management now owns 273,610 shares of the financial services provider’s stock worth $1,787,000 after acquiring an additional 9,700 shares during the last quarter. Hedge funds and other institutional investors own 0.60% of the company’s stock.

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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