Traders Purchase Large Volume of Call Options on Royal Bank of Scotland Group (RBS)

Royal Bank of Scotland Group PLC (NYSE:RBS) saw unusually large options trading activity on Thursday. Traders purchased 5,827 call options on the company. This is an increase of 5,246% compared to the average daily volume of 109 call options.

Royal Bank of Scotland Group (NYSE:RBS) opened at $8.40 on Friday. Royal Bank of Scotland Group has a 1 year low of $5.41 and a 1 year high of $8.44. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $49,410.00, a P/E ratio of -11.35 and a beta of 1.13.

Royal Bank of Scotland Group (NYSE:RBS) last posted its earnings results on Friday, October 27th. The financial services provider reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.19 billion. Royal Bank of Scotland Group had a negative net margin of 17.46% and a positive return on equity of 7.75%. equities analysts predict that Royal Bank of Scotland Group will post 0.7 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of RBS. Dimensional Fund Advisors LP increased its holdings in shares of Royal Bank of Scotland Group by 13.2% during 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 in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Royal Bank of Scotland Group by 16.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,923,184 shares of the financial services provider’s stock valued at $14,001,000 after purchasing an additional 278,429 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Royal Bank of Scotland Group by 5.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,738,718 shares of the financial services provider’s stock valued at $34,499,000 after purchasing an additional 226,956 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Royal Bank of Scotland Group during the 3rd quarter valued at approximately $1,101,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Royal Bank of Scotland Group during the 3rd quarter valued at approximately $285,000. 0.47% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. Bank of America lowered shares of Royal Bank of Scotland Group from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Morgan Stanley raised shares of Royal Bank of Scotland Group from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 10th. Sanford C. Bernstein lowered shares of Royal Bank of Scotland Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 2nd. Macquarie lowered shares of Royal Bank of Scotland Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Finally, Zacks Investment Research lowered shares of Royal Bank of Scotland Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Royal Bank of Scotland Group has an average rating of “Hold” and an average price target of $8.25.

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Royal Bank of Scotland Group Company Profile

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.

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