QRG Capital Management Inc. lifted its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 37.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 641,985 shares of the company's stock after buying an additional 174,151 shares during the quarter. QRG Capital Management Inc.'s holdings in NatWest Group were worth $7,652,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of NWG. Savant Capital LLC increased its holdings in NatWest Group by 26.4% during the 4th quarter. Savant Capital LLC now owns 31,950 shares of the company's stock worth $325,000 after purchasing an additional 6,671 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in NatWest Group by 11.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,035 shares of the company's stock worth $245,000 after purchasing an additional 2,416 shares during the last quarter. Principal Securities Inc. increased its holdings in NatWest Group by 14.7% during the 4th quarter. Principal Securities Inc. now owns 17,148 shares of the company's stock worth $174,000 after purchasing an additional 2,194 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in NatWest Group by 3.3% during the 4th quarter. Sanctuary Advisors LLC now owns 254,635 shares of the company's stock worth $2,773,000 after purchasing an additional 8,060 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in NatWest Group by 31.5% during the 4th quarter. Truist Financial Corp now owns 29,769 shares of the company's stock worth $303,000 after purchasing an additional 7,136 shares during the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
NWG has been the topic of several analyst reports. BNP Paribas downgraded NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Citigroup restated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. Finally, Peel Hunt downgraded 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".
Get Our Latest Stock Analysis on NWG
NatWest Group Price Performance
Shares of NWG opened at $14.02 on Wednesday. The firm has a market cap of $56.44 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.84 and a beta of 1.04. The stock has a 50 day moving average of $13.34 and a 200-day moving average of $11.79. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. NatWest Group plc has a 52 week low of $7.97 and a 52 week high of $14.55.
NatWest Group (NYSE:NWG - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $5.30 billion during the quarter, compared to analyst estimates of $3.80 billion. As a group, analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.
NatWest Group Company Profile
(
Free Report)
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.
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