Keefe, Bruyette & Woods Downgrades Royal Bank of Scotland Group (RBS) to Underperform

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Royal Bank of Scotland Group (NYSE:RBS) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to an “underperform” rating in a research report issued on Wednesday, MarketBeat.com reports.

Several other equities analysts also recently issued reports on the company. Bank of America upgraded Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a research report on Thursday, April 18th. Zacks Investment Research upgraded Royal Bank of Scotland Group from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a research report on Wednesday, March 27th. Morgan Stanley downgraded Royal Bank of Scotland Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 11th. Finally, ValuEngine upgraded Royal Bank of Scotland Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.

RBS stock traded up $0.09 during midday trading on Wednesday, reaching $6.37. The company had a trading volume of 40,855 shares, compared to its average volume of 901,550. The company has a quick ratio of 0.97, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. The company has a market cap of $37.83 billion, a P/E ratio of 13.08 and a beta of 1.06. Royal Bank of Scotland Group has a fifty-two week low of $4.98 and a fifty-two week high of $8.14.

Royal Bank of Scotland Group (NYSE:RBS) last issued its quarterly earnings data on Friday, April 26th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.25 billion. Royal Bank of Scotland Group had a return on equity of 5.09% and a net margin of 12.31%. Analysts expect that Royal Bank of Scotland Group will post 0.82 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in Royal Bank of Scotland Group by 210.4% in the third quarter. Bank of New York Mellon Corp now owns 5,336,738 shares of the financial services provider’s stock worth $34,850,000 after purchasing an additional 3,617,356 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Royal Bank of Scotland Group by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,326,539 shares of the financial services provider’s stock valued at $24,185,000 after buying an additional 236,472 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Royal Bank of Scotland Group by 349.1% in the fourth quarter. Jane Street Group LLC now owns 1,472,631 shares of the financial services provider’s stock valued at $8,138,000 after buying an additional 1,144,699 shares in the last quarter. Comerica Bank increased its holdings in shares of Royal Bank of Scotland Group by 1.2% in the fourth quarter. Comerica Bank now owns 351,354 shares of the financial services provider’s stock valued at $2,217,000 after buying an additional 4,071 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Royal Bank of Scotland Group in the third quarter valued at $1,024,000. Hedge funds and other institutional investors own 0.55% 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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Analyst Recommendations for Royal Bank of Scotland Group (NYSE:RBS)

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