Quantinno Capital Management LP Purchases 92,684 Shares of NatWest Group plc (NYSE:NWG)

Quantinno Capital Management LP lifted its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 48.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,578 shares of the company's stock after buying an additional 92,684 shares during the period. Quantinno Capital Management LP's holdings in NatWest Group were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in shares of NatWest Group by 28.4% during the second quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company's stock worth $77,721,000 after acquiring an additional 2,139,290 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of NatWest Group in the 3rd quarter valued at about $11,420,000. Raymond James & Associates lifted its stake in NatWest Group by 46.8% in the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company's stock valued at $19,290,000 after buying an additional 765,671 shares during the last quarter. FMR LLC boosted its stake in 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 period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of NatWest Group by 55.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company's stock worth $14,127,000 after buying an additional 627,097 shares during the period. Hedge funds and other institutional investors own 1.27% of the company's stock.

NatWest Group Stock Performance

Shares of NWG traded down $0.07 during midday trading on Tuesday, hitting $10.52. 1,298,955 shares of the stock traded hands, compared to its average volume of 2,188,701. NatWest Group plc has a 1-year low of $5.16 and a 1-year high of $10.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $43.69 billion, a PE ratio of 7.98 and a beta of 1.32. The business's 50 day moving average price is $9.79 and its two-hundred day moving average price is $9.07.

Analyst Ratings Changes

Several research firms have recently commented on NWG. Jefferies Financial Group raised NatWest Group from an "underperform" rating to a "buy" rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods raised NatWest Group from a "hold" rating to a "moderate buy" rating in a research note on Monday, November 4th. The Goldman Sachs Group assumed coverage on NatWest Group in a report on Friday, October 4th. They set a "buy" rating on the stock. Finally, Kepler Capital Markets initiated coverage on shares of NatWest Group in a research note on Thursday, September 5th. They set a "buy" rating on the stock. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

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.