Ameriprise Financial Inc. lessened its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 68.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in NatWest Group during the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. grew its position in NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock worth $29,000 after purchasing an additional 1,787 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of NatWest Group in the 4th quarter valued at $42,000. Apollon Wealth Management LLC purchased a new stake in shares of NatWest Group in the 4th quarter valued at $108,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of NatWest Group in the 4th quarter valued at $116,000. Hedge funds and other institutional investors own 1.27% of the company's stock.
Wall Street Analysts Forecast Growth
NWG has been the topic of several recent research reports. Peel Hunt downgraded shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. BNP Paribas downgraded shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Finally, Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, NatWest Group has a consensus rating of "Buy".
Read Our Latest Stock Analysis on NatWest Group
NatWest Group Stock Performance
NYSE NWG traded up $0.15 during mid-day trading on Friday, reaching $14.42. 3,053,583 shares of the stock were exchanged, compared to its average volume of 3,732,098. The business's 50 day moving average is $12.93 and its 200-day moving average is $11.58. NatWest Group plc has a 1 year low of $7.80 and a 1 year high of $14.55. The company 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. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06.
NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates 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. On average, equities research analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.
About NatWest Group
(
Free Report)
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.
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