Ritholtz Wealth Management lifted its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 56.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 204,513 shares of the company's stock after purchasing an additional 73,934 shares during the period. Ritholtz Wealth Management's holdings in NatWest Group were worth $2,080,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mediolanum International Funds Ltd purchased a new stake in NatWest Group during the third quarter worth $11,420,000. Natixis Advisors LLC raised its position in shares of NatWest Group by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company's stock worth $100,245,000 after acquiring an additional 1,031,057 shares in the last quarter. FMR LLC lifted its stake in shares of NatWest Group by 57.0% during the 3rd quarter. FMR LLC now owns 1,988,329 shares of the company's stock worth $18,611,000 after purchasing an additional 721,578 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in NatWest Group by 55.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company's stock valued at $14,127,000 after purchasing an additional 627,097 shares in the last quarter. Finally, US Bancorp DE grew its stake in NatWest Group by 352.4% in the third quarter. US Bancorp DE now owns 567,421 shares of the company's stock valued at $5,311,000 after purchasing an additional 442,002 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have commented on NWG. Jefferies Financial Group raised shares of 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. Finally, The Goldman Sachs Group started coverage on shares of NatWest Group in a report on Friday, October 4th. They issued a "buy" rating on the stock. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NatWest Group presently has an average rating of "Buy".
View Our Latest Stock Report on NatWest Group
NatWest Group Stock Up 0.7 %
NYSE NWG traded up $0.08 during trading on Friday, hitting $10.21. The company's stock had a trading volume of 3,090,739 shares, compared to its average volume of 1,685,754. NatWest Group plc has a fifty-two week low of $5.16 and a fifty-two week high of $10.75. The company has a market cap of $41.04 billion, a PE ratio of 7.73, a P/E/G ratio of 0.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The business's 50 day simple moving average is $10.14 and its 200-day simple moving average is $9.46.
NatWest Group Company Profile
(
Free Report)
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.
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