NatWest Group plc (NYSE:NWG) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 68.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,730 shares of the company's stock after selling 118,249 shares during the period. Ameriprise Financial Inc.'s holdings in NatWest Group were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of NWG. Whipplewood Advisors LLC bought a new position in NatWest Group in the 4th quarter valued at $27,000. First Horizon Advisors Inc. raised its stake in NatWest Group by 161.4% in the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock worth $29,000 after buying an additional 1,787 shares in the last quarter. Whittier Trust Co. purchased a new stake in shares of NatWest Group during the 4th quarter worth $42,000. Apollon Wealth Management LLC bought a new stake in shares of NatWest Group in the 4th quarter valued at about $108,000. Finally, Kingsview Wealth Management LLC purchased a new position in NatWest Group in the fourth quarter worth $116,000. Institutional investors own 1.27% of the company's stock.

NatWest Group Trading Up 1.1%

Shares of NWG stock traded up $0.15 on Friday, hitting $14.42. The stock had a trading volume of 3,053,583 shares, compared to its average volume of 3,732,098. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $58.07 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.85 and a beta of 1.01. NatWest Group plc has a 1 year low of $7.80 and a 1 year high of $14.55. The company's 50 day moving average price is $12.93 and its 200-day moving average price is $11.58.

NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. Analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NWG has been the subject of a number of recent analyst reports. Citigroup reiterated a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. Peel Hunt lowered NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. Finally, BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy".

NatWest Group Company 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.