Royal Bank of Scotland Group PLC (RBS) Holdings Lessened by Comerica Bank

Comerica Bank trimmed its holdings in Royal Bank of Scotland Group PLC (NYSE:RBS) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 330,495 shares of the financial services provider’s stock after selling 20,859 shares during the period. Comerica Bank’s holdings in Royal Bank of Scotland Group were worth $2,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC acquired a new position in shares of Royal Bank of Scotland Group in the 4th quarter valued at approximately $53,000. Stevens Capital Management LP acquired a new position in shares of Royal Bank of Scotland Group in the 4th quarter valued at approximately $57,000. Advisor Partners LLC raised its position in shares of Royal Bank of Scotland Group by 22.9% in the 1st quarter. Advisor Partners LLC now owns 15,027 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 2,796 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of Royal Bank of Scotland Group by 19.2% in the 4th quarter. Wetherby Asset Management Inc. now owns 23,133 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 3,718 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Royal Bank of Scotland Group in the 4th quarter valued at approximately $144,000. 0.58% of the stock is currently owned by institutional investors.

RBS stock opened at $5.64 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The company has a market cap of $33.98 billion, a P/E ratio of 11.75 and a beta of 1.06. Royal Bank of Scotland Group PLC has a 12-month low of $4.98 and a 12-month high of $7.94.

Royal Bank of Scotland Group (NYSE:RBS) last posted its quarterly earnings results 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 firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.25 billion. Royal Bank of Scotland Group had a net margin of 12.31% and a return on equity of 5.09%. Sell-side analysts expect that Royal Bank of Scotland Group PLC will post 0.82 earnings per share for the current year.

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

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

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Royal Bank of Scotland Group Company Profile

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.

Further Reading: LIBOR

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

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