Two Sigma Investments LP Sells 584,612 Shares of NatWest Group plc (NYSE:NWG)

Two Sigma Investments LP cut its position in NatWest Group plc (NYSE:NWG - Free Report) by 91.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,355 shares of the company's stock after selling 584,612 shares during the quarter. Two Sigma Investments LP's holdings in NatWest Group were worth $553,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund acquired a new stake in NatWest Group in the fourth quarter worth approximately $216,000. Raymond James Financial Inc. acquired a new position in NatWest Group in the fourth quarter worth about $27,339,000. Schonfeld Strategic Advisors LLC increased its holdings in NatWest Group by 153.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company's stock valued at $715,000 after purchasing an additional 42,567 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company's stock valued at $113,072,000 after purchasing an additional 408,239 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of NatWest Group by 25.1% in the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock valued at $47,924,000 after buying an additional 944,464 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Trading Up 1.4%

NYSE:NWG traded up $0.19 during trading hours on Thursday, hitting $14.17. 3,288,369 shares of the company were exchanged, compared to its average volume of 3,775,288. The company has a fifty day simple moving average of $13.08 and a 200 day simple moving average of $11.67. NatWest Group plc has a one year low of $7.81 and a one year high of $14.55. The stock has a market capitalization of $57.07 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG - Get Free Report) last issued its earnings results 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 company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $3.80 billion. Sell-side analysts expect that NatWest Group plc will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NWG. BNP Paribas downgraded shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. Peel Hunt lowered NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. Finally, Citigroup restated 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 issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

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.