Cresset Asset Management LLC Has $262,000 Stock Position in NatWest Group plc (NYSE:NWG)

Cresset Asset Management LLC cut its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 78.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,806 shares of the company's stock after selling 95,575 shares during the quarter. Cresset Asset Management LLC's holdings in NatWest Group were worth $262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OneAscent Financial Services LLC grew its holdings in shares of NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock worth $124,000 after purchasing an additional 926 shares in the last quarter. Adero Partners LLC boosted its stake in NatWest Group by 9.5% during the fourth quarter. Adero Partners LLC now owns 11,738 shares of the company's stock worth $119,000 after buying an additional 1,014 shares in the last quarter. Gallacher Capital Management LLC boosted its stake in NatWest Group by 2.3% during the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company's stock worth $497,000 after buying an additional 1,093 shares in the last quarter. Pitcairn Co. raised its stake in shares of NatWest Group by 7.4% in the 4th quarter. Pitcairn Co. now owns 17,223 shares of the company's stock valued at $175,000 after buying an additional 1,193 shares in the last quarter. Finally, Optas LLC raised its stake in shares of NatWest Group by 11.5% in the 4th quarter. Optas LLC now owns 11,912 shares of the company's stock valued at $121,000 after buying an additional 1,228 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on NWG. Peel Hunt cut shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. BNP Paribas lowered 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 report on Monday, April 28th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, NatWest Group presently has an average rating of "Buy".

NatWest Group Price Performance

Shares of NYSE NWG traded up $0.03 during mid-day trading on Wednesday, hitting $13.97. 4,692,991 shares of the stock were exchanged, compared to its average volume of 3,595,420. NatWest Group plc has a twelve month low of $7.80 and a twelve month high of $14.13. The stock's fifty day simple moving average is $12.35 and its two-hundred day simple moving average is $11.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $56.24 billion, a P/E ratio of 10.27, a PEG ratio of 0.85 and a beta of 1.01.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share 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. As a group, analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

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.