Advisor Partners LLC Acquires 2,728 Shares of Royal Bank of Scotland Group PLC (NYSE:RBS)

Advisor Partners LLC increased its holdings in Royal Bank of Scotland Group PLC (NYSE:RBS) by 19.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,942 shares of the financial services provider’s stock after acquiring an additional 2,728 shares during the period. Advisor Partners LLC’s holdings in Royal Bank of Scotland Group were worth $86,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Royal Bank of Scotland Group by 41.6% during the second quarter. Bank of America Corp DE now owns 2,360,246 shares of the financial services provider’s stock valued at $13,406,000 after purchasing an additional 693,077 shares during the period. Marshall Wace North America L.P. bought a new position in Royal Bank of Scotland Group during the second quarter valued at $2,388,000. Renaissance Technologies LLC grew its holdings in Royal Bank of Scotland Group by 7.3% during the second quarter. Renaissance Technologies LLC now owns 5,387,700 shares of the financial services provider’s stock valued at $30,602,000 after purchasing an additional 366,100 shares during the period. Marshall Wace LLP bought a new position in Royal Bank of Scotland Group during the second quarter valued at $1,018,000. Finally, Vilas Fund LP bought a new position in Royal Bank of Scotland Group during the second quarter valued at $795,000. 0.60% of the stock is owned by institutional investors.

RBS has been the subject of several research reports. Macquarie lowered Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, August 14th. ValuEngine raised Royal Bank of Scotland Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised Royal Bank of Scotland Group from a “neutral” rating to an “overweight” rating in a report on Friday, October 18th. Barclays lowered Royal Bank of Scotland Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Finally, Bank of America downgraded Royal Bank of Scotland Group from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.25.

NYSE:RBS opened at $6.15 on Wednesday. The company has a market cap of $37.08 billion, a P/E ratio of 12.81 and a beta of 1.16. The stock’s fifty day moving average price is $5.17 and its two-hundred day moving average price is $5.57. Royal Bank of Scotland Group PLC has a 1 year low of $4.33 and a 1 year high of $7.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05.

Royal Bank of Scotland Group (NYSE:RBS) last posted its earnings results on Friday, August 2nd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.48 billion. Royal Bank of Scotland Group had a return on equity of 6.04% and a net margin of 17.89%. On average, analysts expect that Royal Bank of Scotland Group PLC will post 0.72 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Royal Bank of Scotland Group (NYSE:RBS)

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