Summit Global Investments Trims Position in NatWest Group plc (NYSE:NWG)

Summit Global Investments cut its stake in NatWest Group plc (NYSE:NWG - Free Report) by 52.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,791 shares of the company's stock after selling 45,207 shares during the quarter. Summit Global Investments' holdings in NatWest Group were worth $498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NWG. Whipplewood Advisors LLC bought a new position in shares of NatWest Group in the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. grew its stake in NatWest Group by 161.4% in the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock worth $29,000 after purchasing an additional 1,787 shares during the period. Geneos Wealth Management Inc. purchased a new stake in NatWest Group in the fourth quarter worth $35,000. Whittier Trust Co. bought a new position in NatWest Group in the fourth quarter worth $42,000. Finally, Lazard Asset Management LLC purchased a new position in NatWest Group during the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 1.27% of the company's stock.

NatWest Group Stock Performance

Shares of NYSE NWG traded up $0.04 during trading on Tuesday, reaching $14.50. 4,827,661 shares of the company traded hands, compared to its average volume of 3,682,539. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $12.73 and a 200-day simple moving average of $11.48. NatWest Group plc has a 52-week low of $7.80 and a 52-week high of $14.54. The stock has a market capitalization of $58.39 billion, a PE ratio of 10.66, a P/E/G ratio of 0.85 and a beta of 1.01.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates 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. Equities research analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on NWG shares. Peel Hunt cut shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. Finally, BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy".

About NatWest Group

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.