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

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

A number of other large investors also recently bought and sold shares of the business. New York State Common Retirement Fund acquired a new position in NatWest Group in the 4th quarter valued at $216,000. Raymond James Financial Inc. acquired a new stake in NatWest Group during the fourth quarter worth about $27,339,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of NatWest Group by 153.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company's stock worth $715,000 after purchasing an additional 42,567 shares during the period. Natixis Advisors LLC increased its holdings in NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company's stock valued at $113,072,000 after purchasing an additional 408,239 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its position in NatWest Group by 13.3% in the 4th quarter. Perigon Wealth Management LLC now owns 12,045 shares of the company's stock valued at $122,000 after acquiring an additional 1,411 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

NWG has been the topic of a number of recent research reports. 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 reaffirmed 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 research note on Tuesday, March 4th. One investment 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 data from MarketBeat, the company currently has a consensus rating of "Buy".

NatWest Group Stock Performance

NatWest Group stock traded up $0.04 during trading hours on Tuesday, reaching $14.50. 4,819,883 shares of the stock were exchanged, compared to its average volume of 3,682,506. The stock has a market cap of $58.39 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.85 and a beta of 1.01. The firm's 50 day moving average is $12.73 and its 200 day moving average is $11.48. 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 52-week low of $7.80 and a 52-week high of $14.54.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. Analysts predict that NatWest Group plc will post 1.35 EPS 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.