NatWest Group plc (NYSE:NWG) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 29.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 62,327 shares of the company's stock after selling 26,268 shares during the period. Fifth Third Bancorp's holdings in NatWest Group were worth $634,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NWG. Bruce G. Allen Investments LLC raised its stake in shares of NatWest Group by 285.3% in the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company's stock worth $26,000 after purchasing an additional 2,083 shares during the last quarter. Private Trust Co. NA raised its position in NatWest Group by 121.3% during the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company's stock worth $26,000 after buying an additional 1,499 shares during the last quarter. Hilltop National Bank purchased a new position in NatWest Group during the 4th quarter worth approximately $29,000. Hexagon Capital Partners LLC lifted its stake in NatWest Group by 134.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company's stock valued at $32,000 after acquiring an additional 1,980 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of NatWest Group in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 1.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NWG. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a research report on Monday, November 4th. Jefferies Financial Group raised NatWest Group from an "underperform" rating to a "buy" rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy".

NatWest Group Stock Performance

Shares of NWG traded down $0.14 during trading hours on Monday, hitting $10.65. The stock had a trading volume of 2,899,015 shares, compared to its average volume of 3,129,755. The firm has a 50-day moving average price of $10.25 and a 200 day moving average price of $9.62. NatWest Group plc has a fifty-two week low of $5.16 and a fifty-two week high of $10.96. The firm has a market capitalization of $42.87 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.80 and a beta of 1.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06.

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.