JPMorgan Chase & Co. Sells 48,866 Shares of NatWest Group plc (NYSE:NWG)

JPMorgan Chase & Co. trimmed its position in NatWest Group plc (NYSE:NWG - Free Report) by 51.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,693 shares of the company's stock after selling 48,866 shares during the period. JPMorgan Chase & Co.'s holdings in NatWest Group were worth $437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of NWG. Bruce G. Allen Investments LLC grew its holdings in shares of NatWest Group by 285.3% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company's stock valued at $26,000 after acquiring an additional 2,083 shares in the last quarter. Private Trust Co. NA increased its position in shares of 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 purchasing an additional 1,499 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of NatWest Group by 134.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company's stock valued at $32,000 after buying an additional 1,980 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of NatWest Group in the third quarter valued at $33,000. Finally, GAMMA Investing LLC increased its holdings in NatWest Group by 61.9% during the third quarter. GAMMA Investing LLC now owns 7,391 shares of the company's stock worth $69,000 after buying an additional 2,825 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a research note on Monday, November 4th. The Goldman Sachs Group started coverage on NatWest Group in a research report on Friday, October 4th. They set a "buy" rating on the stock. Finally, Jefferies Financial Group raised NatWest Group from an "underperform" rating to a "buy" rating in a report on Tuesday, October 15th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NatWest Group currently has a consensus rating of "Buy".

NatWest Group Stock Performance

Shares of NWG stock traded down $0.12 during midday trading on Friday, hitting $10.78. 2,756,098 shares of the company were exchanged, compared to its average volume of 2,868,678. NatWest Group plc has a 52 week low of $5.16 and a 52 week high of $10.96. The firm has a market capitalization of $43.39 billion, a P/E ratio of 8.16, a PEG ratio of 0.81 and a beta of 1.31. The firm's 50 day moving average price is $10.25 and its two-hundred day moving average price is $9.61. 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 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.