QRG Capital Management Inc. Increases Stock Position in NatWest Group plc (NYSE:NWG)

QRG Capital Management Inc. lifted its position 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 Securities & Exchange Commission. The institutional investor owned 641,985 shares of the company's stock after acquiring 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 SEC filing.

Several other hedge funds have also modified their holdings of NWG. Raymond James Financial Inc. purchased a new stake in shares of NatWest Group during the 4th quarter worth about $27,339,000. Northern Trust Corp lifted its stake in NatWest Group by 45.6% in the 4th quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock valued at $32,982,000 after buying an additional 1,014,926 shares in the last quarter. Bank of America Corp DE lifted its stake in 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. JPMorgan Chase & Co. lifted its stake in NatWest Group by 1,506.7% in the 4th quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company's stock valued at $7,630,000 after buying an additional 703,534 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake 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 buying an additional 677,222 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NWG. Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. Citigroup reiterated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. Finally, BNP Paribas downgraded shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy".

NatWest Group Stock Down 3.5%

Shares of NatWest Group stock traded down $0.50 during trading on Friday, hitting $13.68. 5,553,937 shares of the stock were exchanged, compared to its average volume of 3,732,835. The stock has a market cap of $55.07 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04. The firm's 50-day moving average price is $13.49 and its 200 day moving average price is $11.86. NatWest Group plc has a 12-month low of $7.97 and a 12-month high of $14.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $5.30 billion for the quarter, compared to analysts' expectations of $3.80 billion. As a group, analysts forecast 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.