GAMMA Investing LLC Grows Stock Position in NatWest Group plc (NYSE:NWG)

GAMMA Investing LLC grew its position in NatWest Group plc (NYSE:NWG - Free Report) by 1,274.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,417 shares of the company's stock after purchasing an additional 146,888 shares during the period. GAMMA Investing LLC's holdings in NatWest Group were worth $1,888,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in shares of NatWest Group during the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. lifted its holdings in NatWest Group by 161.4% in the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock valued at $29,000 after purchasing an additional 1,787 shares in the last quarter. Whittier Trust Co. purchased a new position in NatWest Group in the 4th quarter valued at $42,000. Lazard Asset Management LLC purchased a new position in NatWest Group in the 4th quarter valued at $44,000. Finally, Apollon Wealth Management LLC purchased a new position in NatWest Group in the 4th quarter valued at $108,000. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Stock Performance

Shares of NatWest Group stock opened at $14.01 on Friday. NatWest Group plc has a one year low of $7.81 and a one year high of $14.55. The company has a market cap of $56.40 billion, a PE ratio of 10.30, a P/E/G ratio of 0.85 and a beta of 1.04. 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 business has a 50-day simple moving average of $13.21 and a 200-day simple moving average of $11.72.

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, beating analysts' consensus estimates of $0.34 by $0.05. The business had revenue of $5.30 billion during the quarter, compared to analyst estimates of $3.80 billion. On average, equities research analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NWG. BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. Finally, Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th. One 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 company's stock. According to MarketBeat.com, NatWest Group presently has an average rating of "Buy".

NatWest Group 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.

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