Cresset Asset Management LLC Decreases Stake in NatWest Group plc (NYSE:NWG)

Cresset Asset Management LLC lessened its stake 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 13F filing with the SEC. The fund 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 reporting period.

Several other hedge funds also recently bought and sold shares of NWG. Cubist Systematic Strategies LLC lifted its position in shares of NatWest Group by 209.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 800,710 shares of the company's stock valued at $8,143,000 after acquiring an additional 542,143 shares in the last quarter. Cetera Investment Advisers lifted its holdings in NatWest Group by 10.2% in the 4th quarter. Cetera Investment Advisers now owns 75,800 shares of the company's stock valued at $771,000 after purchasing an additional 6,998 shares in the last quarter. Bank of America Corp DE lifted its holdings in NatWest Group by 25.1% in the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock valued at $47,924,000 after purchasing an additional 944,464 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of NatWest Group by 78.4% during the 4th quarter. Benjamin Edwards Inc. now owns 37,427 shares of the company's stock worth $381,000 after purchasing an additional 16,452 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of NatWest Group during the fourth quarter worth about $294,000. Hedge funds and other institutional investors own 1.27% of the company's stock.

NatWest Group Trading Up 1.2%

Shares of NYSE NWG traded up $0.18 on Friday, reaching $14.32. 4,510,622 shares of the company traded hands, compared to its average volume of 3,622,450. NatWest Group plc has a fifty-two week low of $7.80 and a fifty-two week high of $14.35. The company has a 50 day moving average of $12.48 and a 200 day moving average of $11.29. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $57.65 billion, a PE ratio of 10.53, a P/E/G ratio of 0.85 and a beta of 1.01.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.39 EPS for the quarter, beating 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NWG shares. Peel Hunt downgraded shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. BNP Paribas downgraded NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Finally, Citigroup restated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy".

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.