Barometer Capital Management Inc. Boosts Holdings in NatWest Group plc $NWG

Barometer Capital Management Inc. raised its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 926.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,500 shares of the company's stock after buying an additional 78,977 shares during the period. Barometer Capital Management Inc.'s holdings in NatWest Group were worth $1,304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC lifted its position in NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company's stock valued at $26,000 after purchasing an additional 1,484 shares in the last quarter. American National Bank & Trust purchased a new stake in NatWest Group in the fourth quarter worth about $31,000. Rachor Investment Advisory Services LLC purchased a new stake in NatWest Group in the fourth quarter worth about $34,000. Caitong International Asset Management Co. Ltd raised its stake in shares of NatWest Group by 173.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company's stock worth $38,000 after buying an additional 1,394 shares during the period. Finally, Allworth Financial LP lifted its position in shares of NatWest Group by 186.8% during the 3rd quarter. Allworth Financial LP now owns 2,739 shares of the company's stock valued at $39,000 after buying an additional 1,784 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings lowered shares of NatWest Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of NatWest Group from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. BNP Paribas Exane upgraded NatWest Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods raised shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Friday, July 17th. Finally, Zacks Research cut shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

NatWest Group Stock Up 2.7%

NYSE NWG opened at $18.16 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $72.34 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.91 and a beta of 0.92. NatWest Group plc has a one year low of $13.41 and a one year high of $19.35. The stock has a 50 day moving average price of $16.72 and a 200-day moving average price of $16.52.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The company had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. As a group, equities analysts predict that NatWest Group plc will post 1.94 EPS for the current fiscal year.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.

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