Oppenheimer Asset Management Inc. Has $1.13 Million Stock Position in NatWest Group plc (NYSE:NWG)

Oppenheimer Asset Management Inc. grew its position in NatWest Group plc (NYSE:NWG - Free Report) by 122.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,659 shares of the company's stock after acquiring an additional 52,093 shares during the period. Oppenheimer Asset Management Inc.'s holdings in NatWest Group were worth $1,128,000 at the end of the most recent reporting period.

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

NatWest Group Trading Up 1.3%

NWG traded up $0.18 during trading on Friday, reaching $14.06. 3,906,443 shares of the company's stock were exchanged, compared to its average volume of 3,754,005. The company's fifty day moving average price is $13.65 and its 200-day moving average price is $11.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group plc has a fifty-two week low of $8.08 and a fifty-two week high of $14.55. The firm has a market capitalization of $56.60 billion, a PE ratio of 9.43, a P/E/G ratio of 0.82 and a beta of 1.04.

NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.39 EPS 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. As a group, equities analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup reissued a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Finally, Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.