Carnegie Capital Asset Management LLC purchased a new stake in Royal Bank Scotland PLC (The) (NYSE:RBS) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 26,700 shares of the financial services provider’s stock, valued at approximately $180,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Comerica Bank lifted its stake in shares of Royal Bank Scotland PLC (The) by 1.3% in the first quarter. Comerica Bank now owns 343,344 shares of the financial services provider’s stock valued at $2,245,000 after purchasing an additional 4,464 shares during the period. Stevens Capital Management LP purchased a new stake in Royal Bank Scotland PLC (The) during the first quarter worth about $176,000. Dimensional Fund Advisors LP boosted its holdings in Royal Bank Scotland PLC (The) by 10.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,332,105 shares of the financial services provider’s stock worth $20,226,000 after buying an additional 307,009 shares in the last quarter. Two Sigma Securities LLC boosted its holdings in Royal Bank Scotland PLC (The) by 240.6% during the first quarter. Two Sigma Securities LLC now owns 41,623 shares of the financial services provider’s stock worth $253,000 after buying an additional 29,403 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its holdings in Royal Bank Scotland PLC (The) by 1.0% during the second quarter. Capstone Asset Management Co. now owns 122,588 shares of the financial services provider’s stock worth $800,000 after buying an additional 1,210 shares in the last quarter. Institutional investors and hedge funds own 0.45% of the company’s stock.

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A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a report on Wednesday, June 14th. Investec upgraded Royal Bank Scotland PLC (The) from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub upgraded Royal Bank Scotland PLC (The) from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. ValuEngine raised Royal Bank Scotland PLC (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada raised Royal Bank Scotland PLC (The) from an “underperform” rating to a “sector perform” rating in a report on Monday, September 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.25.

Shares of Royal Bank Scotland PLC (RBS) opened at 7.28 on Monday. The company’s 50-day moving average price is $6.69 and its 200-day moving average price is $6.49. The stock’s market cap is $43.17 billion. Royal Bank Scotland PLC has a 52-week low of $4.18 and a 52-week high of $7.37.

Royal Bank Scotland PLC (The) (NYSE:RBS) last released its earnings results on Friday, August 4th. The financial services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Royal Bank Scotland PLC (The) had a negative net margin of 23.27% and a positive return on equity of 6.92%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.10 billion. Analysts expect that Royal Bank Scotland PLC will post ($14.00) earnings per share for the current year.

Royal Bank Scotland PLC (The) 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.

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

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