Point72 Asset Management L.P. Takes $989,000 Position in NatWest Group plc (NYSE:NWG)

Point72 Asset Management L.P. purchased a new stake in NatWest Group plc (NYSE:NWG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 105,700 shares of the company's stock, valued at approximately $989,000.

A number of other hedge funds also recently made changes to their positions in NWG. Raymond James Trust N.A. increased its position in NatWest Group by 3.0% during the 3rd quarter. Raymond James Trust N.A. now owns 35,878 shares of the company's stock valued at $336,000 after purchasing an additional 1,039 shares during the period. Sequoia Financial Advisors LLC raised its stake in NatWest Group by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 29,328 shares of the company's stock worth $236,000 after buying an additional 1,230 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in NatWest Group by 45.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company's stock valued at $32,000 after buying an additional 1,259 shares during the period. Private Trust Co. NA boosted its position in NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company's stock valued at $26,000 after acquiring an additional 1,499 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in NatWest Group by 134.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company's stock worth $32,000 after acquiring an additional 1,980 shares during the period. 1.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NWG has been the topic of several research analyst reports. Jefferies Financial Group upgraded NatWest Group from an "underperform" rating to a "buy" rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods raised shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a research report on Monday, November 4th. The Goldman Sachs Group began coverage on shares of NatWest Group in a research report on Friday, October 4th. They set a "buy" rating on the stock. Finally, Kepler Capital Markets started coverage on shares of NatWest Group in a report on Thursday, September 5th. They issued a "buy" rating for the company. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

NatWest Group Stock Up 0.9 %

Shares of NYSE:NWG traded up $0.09 during midday trading on Wednesday, hitting $10.57. 1,686,601 shares of the company's stock were exchanged, compared to its average volume of 2,187,289. 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 plc has a 12 month low of $5.16 and a 12 month high of $10.75. The company has a market cap of $43.89 billion, a PE ratio of 7.94 and a beta of 1.32. The stock has a 50 day moving average price of $9.82 and a 200-day moving average price of $9.09.

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.