Royal Bank Scotland PLC (The) (NYSE:RBS) issued its quarterly earnings results on Friday. The financial services provider reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15, Morningstar.com reports. Royal Bank Scotland PLC (The) had a positive return on equity of 6.92% and a negative net margin of 23.27%.

Shares of Royal Bank Scotland PLC (NYSE:RBS) traded up 1.62% on Friday, hitting $7.53. The company had a trading volume of 1,581,660 shares. The firm has a 50-day moving average price of $7.12 and a 200 day moving average price of $6.73. Royal Bank Scotland PLC has a 12-month low of $4.51 and a 12-month high of $7.62. The company’s market capitalization is $44.65 billion.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Royal Bank Scotland PLC (The) by 13.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,771,992 shares of the financial services provider’s stock valued at $24,631,000 after purchasing an additional 439,887 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Royal Bank Scotland PLC (The) by 8.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,638,837 shares of the financial services provider’s stock valued at $10,702,000 after purchasing an additional 121,548 shares during the period. LMR Partners LLP boosted its stake in Royal Bank Scotland PLC (The) by 83.9% in the 2nd quarter. LMR Partners LLP now owns 1,268,938 shares of the financial services provider’s stock valued at $8,172,000 after purchasing an additional 578,938 shares during the period. Aperio Group LLC boosted its stake in Royal Bank Scotland PLC (The) by 49.3% in the 2nd quarter. Aperio Group LLC now owns 705,115 shares of the financial services provider’s stock valued at $4,604,000 after purchasing an additional 232,900 shares during the period. Finally, Stifel Financial Corp boosted its stake in Royal Bank Scotland PLC (The) by 17.5% in the 2nd quarter. Stifel Financial Corp now owns 233,755 shares of the financial services provider’s stock valued at $1,527,000 after purchasing an additional 34,840 shares during the period. Institutional investors and hedge funds own 0.45% of the company’s stock.

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A number of brokerages have recently commented on RBS. BNP Paribas upgraded Royal Bank Scotland PLC (The) from a “neutral” rating to an “outperform” rating in a report on Thursday, October 5th. ValuEngine upgraded Royal Bank Scotland PLC (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a report on Friday, September 29th. Credit Suisse Group upgraded Royal Bank Scotland PLC (The) from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 10th. Finally, Citigroup Inc. upgraded Royal Bank Scotland PLC (The) from a “sell” rating to a “neutral” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Royal Bank Scotland PLC (The) has a consensus rating of “Hold” and an average price target of $8.25.

About Royal Bank Scotland PLC (The)

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

Earnings History for Royal Bank Scotland PLC (The) (NYSE:RBS)

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