NatWest Group plc (NYSE:NWG) Shares Sold by Summit Global Investments

Summit Global Investments lowered its stake in NatWest Group plc (NYSE:NWG - Free Report) by 52.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NWG. Whipplewood Advisors LLC bought a new stake in NatWest Group in the fourth quarter worth $27,000. First Horizon Advisors Inc. lifted 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 acquiring an additional 1,787 shares during the period. Geneos Wealth Management Inc. bought a new position in NatWest Group in the fourth quarter worth about $35,000. Whittier Trust Co. acquired a new position in shares of NatWest Group during the fourth quarter valued at about $42,000. Finally, Lazard Asset Management LLC acquired a new position in shares of NatWest Group during the fourth quarter valued at about $44,000. Institutional investors own 1.27% of the company's stock.

NatWest Group Stock Performance

NYSE NWG traded down $0.14 on Thursday, reaching $14.27. The stock had a trading volume of 5,502,144 shares, compared to its average volume of 3,723,220. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group plc has a 12-month low of $7.80 and a 12-month high of $14.55. The business's 50-day moving average price is $12.88 and its 200 day moving average price is $11.55. The stock has a market cap of $57.45 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. As a group, equities analysts expect that NatWest Group plc will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on NWG. BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a research 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 lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently 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.