Oppenheimer Asset Management Inc. Trims Holdings in NatWest Group plc (NYSE:NWG)

Oppenheimer Asset Management Inc. cut its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 44.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,713 shares of the company's stock after selling 51,624 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in NatWest Group were worth $615,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NWG. XTX Topco Ltd purchased a new stake in shares of NatWest Group in the second quarter valued at $597,000. US Bancorp DE grew its holdings in NatWest Group by 352.4% in the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company's stock valued at $5,311,000 after buying an additional 442,002 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of NatWest Group by 78.8% during the 3rd quarter. QRG Capital Management Inc. now owns 329,582 shares of the company's stock worth $3,085,000 after acquiring an additional 145,295 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of NatWest Group in the first quarter worth approximately $44,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in NatWest Group in the second quarter valued at approximately $1,606,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on NWG. Jefferies Financial Group upgraded shares of NatWest Group from an "underperform" rating to a "buy" rating in a report on Tuesday, October 15th. Kepler Capital Markets began coverage on NatWest Group in a research report on Thursday, September 5th. They set a "buy" rating for the company. UBS Group upgraded NatWest Group to a "strong-buy" rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods raised NatWest Group from a "hold" rating to a "moderate buy" rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group began coverage on shares of NatWest Group in a research report on Friday, October 4th. They set a "buy" rating for the company. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy".

NatWest Group Stock Up 1.5 %

NYSE:NWG traded up $0.15 during mid-day trading on Wednesday, hitting $10.20. The company had a trading volume of 2,555,115 shares, compared to its average volume of 2,215,801. The business has a fifty day simple moving average of $9.50 and a 200-day simple moving average of $8.87. The firm has a market capitalization of $42.36 billion, a price-to-earnings ratio of 7.73 and a beta of 1.32. NatWest Group plc has a 1 year low of $5.10 and a 1 year high of $10.31. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

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.