Sage Rhino Capital LLC Buys 5,256 Shares of Royal Bank of Scotland Group PLC (NYSE:RBS)

Sage Rhino Capital LLC grew its stake in shares of Royal Bank of Scotland Group PLC (NYSE:RBS) by 34.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,556 shares of the financial services provider’s stock after acquiring an additional 5,256 shares during the quarter. Sage Rhino Capital LLC’s holdings in Royal Bank of Scotland Group were worth $63,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RBS. Clarius Group LLC bought a new position in shares of Royal Bank of Scotland Group during the first quarter valued at $27,000. Sontag Advisory LLC purchased a new stake in shares of Royal Bank of Scotland Group during the first quarter valued at $29,000. TRUE Private Wealth Advisors purchased a new stake in shares of Royal Bank of Scotland Group during the first quarter valued at $31,000. DRW Securities LLC purchased a new stake in shares of Royal Bank of Scotland Group during the first quarter valued at $32,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Royal Bank of Scotland Group during the first quarter valued at $37,000. Hedge funds and other institutional investors own 0.51% of the company’s stock.

Several equities research analysts recently commented on RBS shares. UBS Group reaffirmed a “buy” rating on shares of Royal Bank of Scotland Group in a research report on Wednesday, May 6th. Barclays reissued an “equal weight” rating on shares of Royal Bank of Scotland Group in a research report on Tuesday, May 5th. Zacks Investment Research raised Royal Bank of Scotland Group from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research report on Saturday, July 18th. Redburn Partners raised Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Royal Bank of Scotland Group in a research report on Monday, May 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $89.25.

RBS traded down $0.03 on Friday, hitting $2.76. 907,272 shares of the company’s stock traded hands, compared to its average volume of 1,449,826. The company’s 50 day simple moving average is $3.05 and its 200-day simple moving average is $3.67. The firm has a market cap of $16.69 billion, a price-to-earnings ratio of 5.02 and a beta of 1.46. Royal Bank of Scotland Group PLC has a one year low of $2.45 and a one year high of $7.05. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.25.

Royal Bank of Scotland Group (NYSE:RBS) last announced its earnings results on Friday, May 1st. The financial services provider reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. The firm had revenue of $4.20 billion during the quarter. Royal Bank of Scotland Group had a return on equity of 5.83% and a net margin of 15.00%. As a group, equities analysts anticipate that Royal Bank of Scotland Group PLC will post -0.11 EPS for the current fiscal year.

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.

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

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