482,830 Shares in NatWest Group plc (NYSE:NWG) Bought by Consolidated Planning Corp

Consolidated Planning Corp purchased a new position in NatWest Group plc (NYSE:NWG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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. Whipplewood Advisors LLC purchased a new stake in NatWest Group in the fourth quarter valued at approximately $27,000. First Horizon Advisors Inc. lifted its stake in NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock valued at $29,000 after acquiring an additional 1,787 shares during the period. Whittier Trust Co. acquired a new stake in NatWest Group during the 4th quarter valued at approximately $42,000. Lazard Asset Management LLC purchased a new stake in shares of NatWest Group in the 4th quarter valued at $44,000. Finally, Bruce G. Allen Investments LLC increased its stake in shares of NatWest Group by 109.0% in the first quarter. Bruce G. Allen Investments LLC now owns 6,582 shares of the company's stock worth $78,000 after acquiring an additional 3,433 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

NatWest Group Stock Performance

NWG traded up $0.04 on Thursday, reaching $13.88. The stock had a trading volume of 3,688,771 shares, compared to its average volume of 3,752,510. The business's 50-day moving average price is $13.62 and its two-hundred day moving average price is $11.95. The company has a market cap of $55.88 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 0.82 and a beta of 1.04. NatWest Group plc has a 12-month low of $7.99 and a 12-month high of $14.55. 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 posted its earnings results 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 for the quarter, compared to analyst estimates of $3.80 billion. Sell-side 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.