NewEdge Wealth LLC Purchases 65,355 Shares of NatWest Group plc $NWG

Key Points

• NewEdge Wealth LLC increased its NatWest Group stake by 20.2% in the first quarter, buying 65,355 additional shares and bringing its total holdings to 388,763 shares worth about $5.79 million.
• Institutional interest appears to be building, with several other investors recently adding to positions and hedge funds/other institutions now owning 1.27% of NatWest Group’s stock.
• Analyst sentiment has improved overall: recent upgrades helped push the consensus rating to “Moderate Buy,” even as the stock was down 2.4% to $17.86 and the company reported earnings that beat EPS estimates in its latest quarter.

NewEdge Wealth LLC lifted its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 20.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 388,763 shares of the company's stock after purchasing an additional 65,355 shares during the period. NewEdge Wealth LLC's holdings in NatWest Group were worth $5,793,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company's stock valued at $26,000 after buying an additional 1,484 shares during the period. American National Bank & Trust purchased a new position in shares of NatWest Group in the fourth quarter worth about $31,000. Rachor Investment Advisory Services LLC bought a new stake in NatWest Group in the fourth quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd lifted its position in NatWest Group by 173.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company's stock valued at $38,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of NatWest Group by 186.8% during the third quarter. Allworth Financial LP now owns 2,739 shares of the company's stock valued at $39,000 after purchasing an additional 1,784 shares during the period. Hedge funds and other institutional investors own 1.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NWG shares. BNP Paribas Exane upgraded shares of NatWest Group from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Friday, July 17th. Berenberg Bank assumed coverage on shares of NatWest Group in a research report on Wednesday, June 24th. They set a "buy" rating for the company. Wall Street Zen lowered shares of NatWest Group from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. Finally, Weiss Ratings cut shares of NatWest Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, NatWest Group presently has a consensus rating of "Moderate Buy".

NatWest Group Stock Down 2.4%

Shares of NatWest Group stock opened at $17.86 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $71.16 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92. NatWest Group plc has a 52-week low of $13.49 and a 52-week high of $19.35. The company has a 50-day simple moving average of $16.83 and a two-hundred day simple moving average of $16.53.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.04. The firm had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. On average, analysts anticipate that NatWest Group plc will post 1.94 EPS for the current fiscal year.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.

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