Royal Bank of Scotland Group PLC (NYSE:RBS) – Jefferies Group dropped their Q3 2016 earnings per share estimates for shares of Royal Bank of Scotland Group PLC in a note issued to investors on Monday. Jefferies Group analyst J. Dickerson now anticipates that the brokerage will post earnings of ($0.20) per share for the quarter, down from their prior estimate of $0.08. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Royal Bank of Scotland Group PLC’s FY2016 earnings at ($0.63) EPS and FY2017 earnings at $0.48 EPS.

A number of other brokerages have also commented on RBS. JPMorgan Chase & Co. lowered shares of Royal Bank of Scotland Group PLC from a “neutral” rating to an “underweight” rating in a research report on Monday, June 27th. Citigroup Inc. reissued a “sell” rating on shares of Royal Bank of Scotland Group PLC in a research report on Wednesday, August 31st. Investec lowered shares of Royal Bank of Scotland Group PLC from a “hold” rating to a “sell” rating in a research report on Monday, September 12th. Natixis lowered shares of Royal Bank of Scotland Group PLC from a “neutral” rating to a “reduce” rating in a research report on Monday, July 18th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Royal Bank of Scotland Group PLC in a research report on Saturday, June 25th. Nine research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.61.

Royal Bank of Scotland Group PLC (NYSE:RBS) traded up 0.21% during mid-day trading on Wednesday, reaching $4.79. 705,999 shares of the company’s stock traded hands. Royal Bank of Scotland Group PLC has a 1-year low of $3.91 and a 1-year high of $10.26. The firm has a 50 day moving average of $5.11 and a 200 day moving average of $5.90. The firm’s market cap is $28.06 billion.

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Institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC increased its position in Royal Bank of Scotland Group PLC by 46.7% in the second quarter. Cubist Systematic Strategies LLC now owns 91,777 shares of the company’s stock valued at $431,000 after buying an additional 29,211 shares during the period. Mariner Wealth Advisors LLC increased its position in Royal Bank of Scotland Group PLC by 225.0% in the second quarter. Mariner Wealth Advisors LLC now owns 65,000 shares of the company’s stock valued at $306,000 after buying an additional 45,000 shares during the period. Reliance Trust Co. of Delaware increased its position in Royal Bank of Scotland Group PLC by 92.1% in the second quarter. Reliance Trust Co. of Delaware now owns 21,778 shares of the company’s stock valued at $102,000 after buying an additional 10,440 shares during the period. Wetherby Asset Management Inc. increased its position in Royal Bank of Scotland Group PLC by 27.4% in the second quarter. Wetherby Asset Management Inc. now owns 24,164 shares of the company’s stock valued at $114,000 after buying an additional 5,200 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Royal Bank of Scotland Group PLC during the second quarter valued at approximately $221,000. Institutional investors and hedge funds own 0.34% of the company’s stock.

Royal Bank of Scotland Group PLC Company Profile

The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides financial products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.

5 Day Chart for NYSE:RBS

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