Royal Bank of Scotland Group (NYSE:RBS) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Royal Bank of Scotland Group (NYSE:RBS) from a hold rating to a sell rating in a research report sent to investors on Wednesday, Zacks.com reports.

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. “

A number of other research firms also recently commented on RBS. ValuEngine downgraded Royal Bank of Scotland Group from a sell rating to a strong sell rating in a research report on Thursday, May 23rd. Macquarie cut Royal Bank of Scotland Group from an outperform rating to a neutral rating in a research note on Wednesday, August 14th. HSBC cut Royal Bank of Scotland Group from a buy rating to a hold rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods cut Royal Bank of Scotland Group from an outperform rating to an underperform rating in a research note on Wednesday, May 1st. Finally, Bank of America cut Royal Bank of Scotland Group from a neutral rating to an underperform rating in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $6.25.

NYSE:RBS opened at $4.47 on Wednesday. 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 capitalization of $26.93 billion, a P/E ratio of 9.31 and a beta of 1.11. Royal Bank of Scotland Group has a 12 month low of $4.33 and a 12 month high of $7.31. The business’s 50-day moving average is $5.32 and its 200 day moving average is $6.06.

The business also recently disclosed a dividend, which was paid on Tuesday, August 20th. Shareholders of record on Friday, August 16th were paid a dividend of $0.332 per share. This is a boost from Royal Bank of Scotland Group’s previous dividend of $0.05. The ex-dividend date was Thursday, August 15th. Royal Bank of Scotland Group’s payout ratio is presently 16.67%.

A number of hedge funds and other institutional investors have recently modified their holdings of RBS. Quadrant Capital Group LLC grew its stake in shares of Royal Bank of Scotland Group by 81.9% during the first quarter. Quadrant Capital Group LLC now owns 33,061 shares of the financial services provider’s stock valued at $212,000 after buying an additional 14,886 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in shares of Royal Bank of Scotland Group by 22.4% during the first quarter. Wetherby Asset Management Inc. now owns 28,316 shares of the financial services provider’s stock valued at $185,000 after buying an additional 5,183 shares during the last quarter. Advisor Partners LLC grew its stake in shares of Royal Bank of Scotland Group by 22.9% during the first quarter. Advisor Partners LLC now owns 15,027 shares of the financial services provider’s stock valued at $98,000 after buying an additional 2,796 shares during the last quarter. Aperio Group LLC grew its stake in shares of Royal Bank of Scotland Group by 5.9% during the second quarter. Aperio Group LLC now owns 1,017,029 shares of the financial services provider’s stock valued at $5,777,000 after buying an additional 56,881 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Royal Bank of Scotland Group by 1.7% during the second quarter. Crossmark Global Holdings Inc. now owns 143,761 shares of the financial services provider’s stock valued at $817,000 after buying an additional 2,440 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors.

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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