GAMMA Investing LLC Has $1.89 Million Position in NatWest Group plc (NYSE:NWG)

GAMMA Investing LLC increased its position in NatWest Group plc (NYSE:NWG - Free Report) by 1,274.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,417 shares of the company's stock after acquiring 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 reporting period.

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

Analysts Set New Price Targets

NWG has been the subject of several research analyst reports. Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. Peel Hunt downgraded shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. Finally, BNP Paribas cut shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NatWest Group presently has an average rating of "Buy".

NatWest Group Price Performance

NYSE:NWG traded down $0.23 during mid-day trading on Tuesday, reaching $14.02. 4,096,137 shares of the stock were exchanged, compared to its average volume of 3,822,798. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $13.34 and a 200 day moving average price of $11.79. NatWest Group plc has a 1-year low of $7.97 and a 1-year high of $14.55. The firm has a market capitalization of $56.44 billion, a PE ratio of 9.41, a PEG ratio of 0.84 and a beta of 1.04.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Research analysts expect that NatWest Group plc will post 1.35 earnings per share 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.