CIBC World Markets Inc. increased its stake in Royal Bank of Scotland Group PLC (NYSE:RBS) by 326.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 510,153 shares of the company’s stock after buying an additional 390,399 shares during the period. CIBC World Markets Inc.’s holdings in Royal Bank of Scotland Group PLC were worth $2,377,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of RBS. Reliance Trust Co. of Delaware increased its position in shares of 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. Boothbay Fund Management LLC bought a new position in shares of Royal Bank of Scotland Group PLC during the first quarter valued at about $109,000. Wetherby Asset Management Inc. increased its position in shares of 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. Quantbot Technologies LP increased its position in shares of Royal Bank of Scotland Group PLC by 326.6% in the second quarter. Quantbot Technologies LP now owns 34,982 shares of the company’s stock valued at $164,000 after buying an additional 26,782 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Royal Bank of Scotland Group PLC during the second quarter valued at about $221,000. Institutional investors and hedge funds 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 up 1.87% during mid-day trading on Tuesday, reaching $4.91. The company had a trading volume of 921,105 shares. The firm’s market capitalization is $28.85 billion. Royal Bank of Scotland Group PLC has a one year low of $3.91 and a one year high of $9.43. The firm’s 50-day moving average is $4.76 and its 200-day moving average is $5.27.

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Several brokerages have weighed in on RBS. Exane BNP Paribas cut Royal Bank of Scotland Group PLC from a “neutral” rating to an “underperform” rating in a report on Friday, November 18th. Deutsche Bank AG reissued a “sell” rating on shares of Royal Bank of Scotland Group PLC in a report on Friday, September 16th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Royal Bank of Scotland Group PLC in a report on Wednesday, August 10th. Macquarie cut Royal Bank of Scotland Group PLC from an “outperform” rating to a “neutral” rating in a report on Monday, August 8th. Finally, Zacks Investment Research raised Royal Bank of Scotland Group PLC from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Twelve equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.21.

About Royal Bank of Scotland Group PLC

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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