Janney Montgomery Scott LLC Acquires 76,866 Shares of NatWest Group plc (NYSE:NWG)

Janney Montgomery Scott LLC increased its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 309.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,675 shares of the company's stock after purchasing an additional 76,866 shares during the period. Janney Montgomery Scott LLC's holdings in NatWest Group were worth $1,212,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in NatWest Group in the 4th quarter worth approximately $27,339,000. Northern Trust Corp boosted its position in shares of NatWest Group by 45.6% during the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock worth $32,982,000 after acquiring an additional 1,014,926 shares during the last quarter. Bank of America Corp DE grew its stake in NatWest Group by 25.1% during the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock valued at $47,924,000 after acquiring an additional 944,464 shares in the last quarter. JPMorgan Chase & Co. grew its stake in NatWest Group by 1,506.7% during the fourth quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company's stock valued at $7,630,000 after acquiring an additional 703,534 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in NatWest Group by 499.0% in the 4th quarter. Marshall Wace LLP now owns 812,933 shares of the company's stock valued at $8,268,000 after acquiring an additional 677,222 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NWG. Peel Hunt lowered NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. Citigroup reissued a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. Finally, BNP Paribas cut shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy".

NatWest Group Trading Up 1.3%

Shares of NatWest Group stock traded up $0.18 on Friday, reaching $14.06. The company had a trading volume of 3,906,443 shares, compared to its average volume of 3,754,005. The firm has a market cap of $56.60 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 0.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The firm's 50-day moving average price is $13.65 and its two-hundred day moving average price is $11.98. NatWest Group plc has a 1 year low of $8.08 and a 1 year 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. The company had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $3.80 billion. As a group, research analysts predict 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.