Forum Financial Management LP Has $414,000 Stake in NatWest Group plc (NYSE:NWG)

Forum Financial Management LP lifted its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 94.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,696 shares of the company's stock after purchasing an additional 19,742 shares during the period. Forum Financial Management LP's holdings in NatWest Group were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NWG. Merit Financial Group LLC acquired a new stake in NatWest Group in the 4th quarter worth about $174,000. Janney Montgomery Scott LLC acquired a new stake in shares of NatWest Group in the fourth quarter valued at approximately $252,000. Geneos Wealth Management Inc. bought a new stake in shares of NatWest Group in the fourth quarter valued at approximately $35,000. Blue Trust Inc. grew its position in NatWest Group by 24.6% during the fourth quarter. Blue Trust Inc. now owns 79,647 shares of the company's stock worth $745,000 after buying an additional 15,723 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its stake in NatWest Group by 13.3% during the 4th quarter. Perigon Wealth Management LLC now owns 12,045 shares of the company's stock worth $122,000 after acquiring an additional 1,411 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NWG has been the subject of a number of recent analyst reports. BNP Paribas downgraded NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th. Finally, 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. One investment 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

NatWest Group Price Performance

Shares of NWG traded up $0.05 during midday trading on Friday, hitting $14.30. The company's stock had a trading volume of 4,904,028 shares, compared to its average volume of 3,674,161. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. NatWest Group plc has a one year low of $7.80 and a one year high of $14.42. The stock has a market capitalization of $57.59 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The company's fifty day simple moving average is $12.69 and its two-hundred day simple moving average is $11.44.

NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.05. The business had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $3.80 billion. As a group, equities analysts expect 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.