Investors Purchase Large Volume of Royal Bank of Scotland Group Call Options (RBS)

Royal Bank of Scotland Group PLC (NYSE:RBS) was the recipient of some unusual options trading activity on Thursday. Investors bought 591 call options on the company. This represents an increase of approximately 937% compared to the average volume of 57 call options.

Shares of Royal Bank of Scotland Group stock opened at $5.64 on Friday. The stock has a market capitalization of $35.06 billion, a P/E ratio of 11.75 and a beta of 1.06. Royal Bank of Scotland Group has a 1 year low of $4.98 and a 1 year high of $7.94. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21.

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

The company also recently declared a special dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, March 22nd were paid a $0.1961 dividend. The ex-dividend date was Thursday, March 21st. Royal Bank of Scotland Group’s payout ratio is 35.42%.

Institutional investors have recently made changes to their positions in the stock. Icon Wealth Partners LLC bought a new position in Royal Bank of Scotland Group in the 1st quarter worth about $37,000. Lindbrook Capital LLC bought a new position in Royal Bank of Scotland Group during the 4th quarter valued at about $53,000. Stevens Capital Management LP bought a new position in Royal Bank of Scotland Group during the 4th quarter valued at about $57,000. Advisor Group Inc. lifted its stake in Royal Bank of Scotland Group by 169.6% during the 1st quarter. Advisor Group Inc. now owns 10,278 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 6,465 shares during the period. Finally, Institute for Wealth Management LLC. bought a new position in Royal Bank of Scotland Group during the 1st quarter valued at about $71,000. Institutional investors own 0.58% of the company’s stock.

A number of analysts have recently commented on the stock. Bank of America upgraded shares of Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a report on Thursday, April 18th. Zacks Investment Research upgraded shares of Royal Bank of Scotland Group from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a report on Wednesday, March 27th. Keefe, Bruyette & Woods cut shares of Royal Bank of Scotland Group from an “outperform” rating to an “underperform” rating in a research note on Wednesday, May 1st. Numis Securities upgraded shares of Royal Bank of Scotland Group from an “add” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley cut shares of Royal Bank of Scotland Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.50.

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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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