Royal Bank of Scotland Group PLC (NYSE:RBS) saw unusually-high trading volume on Tuesday . Approximately 2,446,356 shares changed hands during trading, an increase of 189% from the previous session’s volume of 845,143 shares.The stock last traded at $6.54 and had previously closed at $6.38.

RBS has been the topic of several recent research reports. Royal Bank of Canada upgraded Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Thursday, September 13th. Macquarie upgraded Royal Bank of Scotland Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 6th. Goldman Sachs Group upgraded Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 12th. Citigroup upgraded Royal Bank of Scotland Group from a “neutral” rating to a “buy” rating in a report on Monday, August 20th. Finally, ValuEngine downgraded Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $8.50.

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $39.85 billion, a price-to-earnings ratio of 10.06 and a beta of 1.08.

A number of hedge funds and other institutional investors have recently modified their holdings of RBS. Lourd Capital LLC purchased a new position in shares of Royal Bank of Scotland Group in the 3rd quarter valued at about $115,000. Trexquant Investment LP purchased a new position in shares of Royal Bank of Scotland Group in the 3rd quarter valued at about $117,000. Janney Montgomery Scott LLC increased its holdings in shares of Royal Bank of Scotland Group by 47.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 36,173 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 11,619 shares during the last quarter. HPM Partners LLC increased its holdings in shares of Royal Bank of Scotland Group by 45.7% in the 2nd quarter. HPM Partners LLC now owns 40,245 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 12,624 shares during the last quarter. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Royal Bank of Scotland Group in the 2nd quarter valued at about $330,000. Institutional investors own 0.59% of the company’s stock.

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About Royal Bank of Scotland Group (NYSE:RBS)

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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