Royal Bank of Scotland Group PLC (RBS) Stake Held by Flaherty & Crumrine Inc.

Flaherty & Crumrine Inc. continued to hold its position in shares of Royal Bank of Scotland Group PLC (NYSE:RBS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,400 shares of the financial services provider’s stock at the end of the first quarter. Royal Bank of Scotland Group PLC comprises approximately 0.2% of Flaherty & Crumrine Inc.’s investment portfolio, making the stock its 8th largest position. Flaherty & Crumrine Inc.’s holdings in Royal Bank of Scotland Group PLC were worth $221,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of RBS. Stevens Capital Management LP bought a new position in Royal Bank of Scotland Group PLC during the first quarter worth $176,000. Toronto Dominion Bank bought a new position in Royal Bank of Scotland Group PLC during the first quarter worth $170,000. Karp Capital Management Corp bought a new position in Royal Bank of Scotland Group PLC during the first quarter worth $2,866,000. World Asset Management Inc raised its position in Royal Bank of Scotland Group PLC by 1.7% in the first quarter. World Asset Management Inc now owns 367,039 shares of the financial services provider’s stock worth $2,228,000 after buying an additional 6,286 shares during the last quarter. Finally, Comerica Bank raised its position in Royal Bank of Scotland Group PLC by 1.3% in the first quarter. Comerica Bank now owns 343,344 shares of the financial services provider’s stock worth $2,245,000 after buying an additional 4,464 shares during the last quarter. Institutional investors own 0.32% of the company’s stock.

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

Royal Bank of Scotland Group PLC (NYSE:RBS) traded down 1.15% during midday trading on Thursday, reaching $6.88. The company had a trading volume of 861,324 shares. The firm’s 50 day moving average is $6.52 and its 200 day moving average is $5.86. The stock’s market capitalization is $40.64 billion. Royal Bank of Scotland Group PLC has a 1-year low of $3.91 and a 1-year high of $7.51.

Royal Bank of Scotland Group PLC (NYSE:RBS) last issued its earnings results on Friday, April 28th. The financial services provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. Royal Bank of Scotland Group PLC had a negative net margin of 25.80% and a positive return on equity of 3.25%. The company had revenue of $3.98 billion for the quarter. On average, equities analysts anticipate that Royal Bank of Scotland Group PLC will post ($14.00) EPS for the current fiscal year.

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A number of equities analysts have weighed in on the company. Investec lowered Royal Bank of Scotland Group PLC from a “hold” rating to a “sell” rating in a research note on Thursday, April 27th. Keefe, Bruyette & Woods upgraded Royal Bank of Scotland Group PLC from a “market perform” rating to an “outperform” rating in a research report on Friday, April 21st. Macquarie upgraded Royal Bank of Scotland Group PLC from a “neutral” rating to an “outperform” rating in a research report on Friday, April 21st. Barclays PLC upgraded Royal Bank of Scotland Group PLC from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, February 21st. Finally, Berenberg Bank upgraded Royal Bank of Scotland Group PLC from a “hold” rating to a “buy” rating in a research report on Thursday, March 2nd. Eight research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Royal Bank of Scotland Group PLC has a consensus rating of “Hold” and a consensus target price of $5.38.

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 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.

12 Month Chart for NYSE:RBS

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