Versant Capital Management Inc Invests $273,000 in NatWest Group plc (NYSE:NWG)

Versant Capital Management Inc acquired a new stake in NatWest Group plc (NYSE:NWG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,930 shares of the company's stock, valued at approximately $273,000.

Other hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new position in NatWest Group in the fourth quarter valued at about $27,000. First Horizon Advisors Inc. raised its position in NatWest Group by 161.4% in the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock valued at $29,000 after purchasing an additional 1,787 shares during the period. Geneos Wealth Management Inc. purchased a new position in NatWest Group in the fourth quarter valued at about $35,000. Whittier Trust Co. purchased a new position in NatWest Group in the fourth quarter valued at about $42,000. Finally, Lazard Asset Management LLC purchased a new position in NatWest Group in the fourth quarter valued at about $44,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Stock Down 0.1%

NYSE:NWG traded down $0.01 during mid-day trading on Wednesday, reaching $14.48. The stock had a trading volume of 2,576,017 shares, compared to its average volume of 3,690,165. The company has a market capitalization of $58.31 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. NatWest Group plc has a 1-year low of $7.80 and a 1-year high of $14.58. The stock's 50 day simple moving average is $12.78 and its two-hundred day simple moving average is $11.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly 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 firm had revenue of $5.30 billion during the quarter, compared to analyst estimates of $3.80 billion. Equities analysts anticipate that NatWest Group plc will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NWG shares. BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. Peel Hunt lowered NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. Finally, Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th. One equities research 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 stock. According to MarketBeat, NatWest Group presently has an average rating of "Buy".

NatWest Group 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.