Marks Group Wealth Management Inc Acquires Shares of 32,966 NatWest Group plc (NYSE:NWG)

Marks Group Wealth Management Inc purchased a new position in shares of NatWest Group plc (NYSE:NWG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,966 shares of the company's stock, valued at approximately $393,000.

Several other hedge funds have also made changes to their positions in the business. New York State Common Retirement Fund boosted its holdings in NatWest Group by 44.2% in the first quarter. New York State Common Retirement Fund now owns 30,586 shares of the company's stock valued at $365,000 after purchasing an additional 9,372 shares during the period. Kathmere Capital Management LLC raised its position in NatWest Group by 3.0% in the 1st quarter. Kathmere Capital Management LLC now owns 64,633 shares of the company's stock valued at $770,000 after purchasing an additional 1,853 shares in the last quarter. Cerity Partners LLC lifted its stake in NatWest Group by 91.4% in the first quarter. Cerity Partners LLC now owns 219,648 shares of the company's stock worth $2,618,000 after acquiring an additional 104,886 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in shares of NatWest Group by 5.5% during the 1st quarter. Rehmann Capital Advisory Group now owns 65,221 shares of the company's stock worth $777,000 after purchasing an additional 3,380 shares during the last quarter. Finally, Callan Capital LLC lifted its holdings in NatWest Group by 15.8% during the 1st quarter. Callan Capital LLC now owns 22,744 shares of the company's stock worth $271,000 after buying an additional 3,111 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

NatWest Group Stock Performance

Shares of NYSE NWG traded up $0.11 during trading hours on Monday, reaching $13.38. The stock had a trading volume of 3,100,618 shares, compared to its average volume of 5,246,262. The firm has a 50-day moving average of $13.80 and a 200-day moving average of $12.22. The firm has a market cap of $54.12 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.78 and a beta of 1.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. NatWest Group plc has a fifty-two week low of $8.08 and a fifty-two week high of $14.55.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. Equities research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy".

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.