Investors Purchase High Volume of Call Options on Royal Bank of Scotland Group (RBS)

Royal Bank of Scotland Group PLC (NYSE:RBS) was the target of some unusual options trading activity on Wednesday. Traders bought 9,403 call options on the company. This represents an increase of approximately 13,333% compared to the average volume of 70 call options.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lourd Capital LLC acquired a new position in shares of Royal Bank of Scotland Group during the third quarter valued at approximately $115,000. Trexquant Investment LP bought a new stake in Royal Bank of Scotland Group during the third quarter worth approximately $117,000. Janney Montgomery Scott LLC boosted its holdings in Royal Bank of Scotland Group by 47.3% during the third quarter. Janney Montgomery Scott LLC now owns 36,173 shares of the financial services provider’s stock worth $236,000 after buying an additional 11,619 shares in the last quarter. HPM Partners LLC boosted its holdings in Royal Bank of Scotland Group by 45.7% during the second quarter. HPM Partners LLC now owns 40,245 shares of the financial services provider’s stock worth $274,000 after buying an additional 12,624 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Royal Bank of Scotland Group by 38.5% during the third quarter. Crossmark Global Holdings Inc. now owns 141,291 shares of the financial services provider’s stock worth $923,000 after buying an additional 39,285 shares in the last quarter. Institutional investors and hedge funds own 0.60% of the company’s stock.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Royal Bank of Scotland Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 27th. ValuEngine lowered shares of Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a research note on Thursday. Royal Bank of Canada upgraded shares of Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a research note on Thursday, September 13th. Finally, Macquarie upgraded shares of Royal Bank of Scotland Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $8.50.

NYSE RBS opened at $5.80 on Friday. Royal Bank of Scotland Group has a 12 month low of $4.98 and a 12 month high of $8.74. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a market cap of $34.22 billion, a P/E ratio of 8.92 and a beta of 0.91.

Royal Bank of Scotland Group (NYSE:RBS) last posted its quarterly earnings data on Friday, October 26th. The financial services provider reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.09). Royal Bank of Scotland Group had a net margin of 7.46% and a return on equity of 5.41%. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.18 billion. Sell-side analysts predict that Royal Bank of Scotland Group will post 0.81 EPS for the current fiscal year.

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About Royal Bank of Scotland Group

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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