Consolidated Planning Corp Purchases New Shares in NatWest Group plc (NYSE:NWG)

Consolidated Planning Corp purchased a new stake in shares of NatWest Group plc (NYSE:NWG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 482,830 shares of the company's stock, valued at approximately $5,755,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund bought a new position in NatWest Group in the 4th quarter worth about $216,000. Raymond James Financial Inc. bought a new position in NatWest Group in the 4th quarter worth about $27,339,000. Schonfeld Strategic Advisors LLC grew its position in NatWest Group by 153.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company's stock worth $715,000 after purchasing an additional 42,567 shares during the last quarter. Natixis Advisors LLC grew its position in NatWest Group by 3.8% in the 4th 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. Finally, Sivia Capital Partners LLC bought a new position in shares of NatWest Group in the first quarter worth $231,000. 1.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NWG shares. Peel Hunt cut NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. BNP Paribas cut NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. Finally, Citigroup reissued a "buy" rating on shares of NatWest Group in a research note 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's stock. According to data from MarketBeat.com, NatWest Group currently has a consensus rating of "Buy".

NatWest Group Price Performance

NWG stock traded down $0.07 during trading hours on Monday, hitting $13.62. 5,435,779 shares of the stock traded hands, compared to its average volume of 3,739,650. The stock has a 50-day simple moving average of $13.52 and a 200 day simple moving average of $11.89. NatWest Group plc has a one year low of $7.97 and a one year high of $14.55. The company has a market cap of $54.85 billion, a P/E ratio of 9.14, a P/E/G ratio of 0.81 and a beta of 1.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

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

About NatWest Group

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.