Millennium Management LLC Acquires 348,963 Shares of NatWest Group plc (NYSE:NWG)

Millennium Management LLC lifted its position in NatWest Group plc (NYSE:NWG - Free Report) by 122.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 632,836 shares of the company's stock after purchasing an additional 348,963 shares during the quarter. Millennium Management LLC's holdings in NatWest Group were worth $6,436,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. OneAscent Financial Services LLC increased its holdings in shares of NatWest Group by 8.2% in the fourth quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock worth $124,000 after purchasing an additional 926 shares during the last quarter. Adero Partners LLC grew its position in NatWest Group by 9.5% in the fourth quarter. Adero Partners LLC now owns 11,738 shares of the company's stock worth $119,000 after acquiring an additional 1,014 shares in the last quarter. Gallacher Capital Management LLC grew its position in NatWest Group by 2.3% in the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company's stock worth $497,000 after acquiring an additional 1,093 shares in the last quarter. Pitcairn Co. grew its position in NatWest Group by 7.4% in the fourth quarter. Pitcairn Co. now owns 17,223 shares of the company's stock worth $175,000 after acquiring an additional 1,193 shares in the last quarter. Finally, Optas LLC grew its position in NatWest Group by 11.5% in the fourth quarter. Optas LLC now owns 11,912 shares of the company's stock worth $121,000 after acquiring an additional 1,228 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

NatWest Group Trading Up 0.4%

Shares of NYSE:NWG traded up $0.05 during trading hours on Friday, hitting $14.30. 4,904,028 shares of the company's stock traded hands, compared to its average volume of 3,674,161. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $57.59 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The business has a fifty day moving average price of $12.69 and a 200-day moving average price of $11.45. NatWest Group plc has a 1 year low of $7.80 and a 1 year high of $14.42.

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 firm had revenue of $5.30 billion during the quarter, compared to analysts' expectations of $3.80 billion. Equities analysts expect that NatWest Group plc will post 1.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on NWG. BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. Citigroup restated a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th. Finally, Peel Hunt lowered NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. One research 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 company. Based on data from MarketBeat, the stock presently has a consensus 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.