Envestnet Asset Management Inc. Boosts Position in NatWest Group plc (NYSE:NWG)

Envestnet Asset Management Inc. increased its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 28.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,744,550 shares of the company's stock after acquiring an additional 611,323 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of NatWest Group worth $32,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in NatWest Group by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 316,560 shares of the company's stock worth $3,219,000 after purchasing an additional 9,771 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NatWest Group by 15.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,637 shares of the company's stock worth $2,895,000 after buying an additional 39,006 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of NatWest Group by 48.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,359 shares of the company's stock worth $197,000 after acquiring an additional 6,335 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of NatWest Group in the 4th quarter worth about $508,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in NatWest Group by 10.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 71,992 shares of the company's stock valued at $732,000 after acquiring an additional 6,708 shares during the period. Institutional investors own 1.27% of the company's stock.

Analyst Ratings Changes

Separately, 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, NatWest Group currently has a consensus rating of "Buy".

NatWest Group Stock Down 0.4%

Shares of NYSE NWG traded down $0.06 during trading on Friday, reaching $13.36. The company had a trading volume of 2,372,348 shares, compared to its average volume of 3,844,686. NatWest Group plc has a 12-month low of $8.08 and a 12-month high of $14.55. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The business's 50-day moving average is $13.83 and its 200 day moving average is $12.28. The stock has a market cap of $54.04 billion, a PE ratio of 8.96, a P/E/G ratio of 0.78 and a beta of 1.01.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. The firm had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $3.80 billion. As a group, equities analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current fiscal 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.