45,124 Shares in NatWest Group plc (NYSE:NWG) Bought by Wealthstar Advisors LLC

Wealthstar Advisors LLC acquired a new position in shares of NatWest Group plc (NYSE:NWG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 45,124 shares of the company's stock, valued at approximately $538,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC raised its holdings in NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company's stock worth $113,072,000 after purchasing an additional 408,239 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in NatWest Group by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company's stock worth $74,473,000 after purchasing an additional 216,053 shares during the last quarter. Bank of America Corp DE raised its holdings in NatWest Group by 25.1% during the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock worth $47,924,000 after purchasing an additional 944,464 shares during the last quarter. Northern Trust Corp raised its holdings in NatWest Group by 45.6% during the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock worth $32,982,000 after purchasing an additional 1,014,926 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in NatWest Group during the fourth quarter worth $27,339,000. 1.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NWG shares. BNP Paribas cut NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Citigroup reissued a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. Finally, Peel Hunt cut NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

NatWest Group Stock Performance

NYSE NWG opened at $14.06 on Friday. NatWest Group plc has a fifty-two week low of $8.08 and a fifty-two week high of $14.55. The stock has a market cap of $56.60 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.04. The business has a fifty day moving average of $13.65 and a 200-day moving average of $11.98. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.05. The business had revenue of $5.30 billion during the quarter, compared to analysts' expectations of $3.80 billion. As a group, analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.

Want to see what other hedge funds are holding NWG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NatWest Group plc (NYSE:NWG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.