Teachers Retirement System of The State of Kentucky Sells 77,700 Shares of NatWest Group plc (NYSE:NWG)

Teachers Retirement System of The State of Kentucky lessened its stake in NatWest Group plc (NYSE:NWG - Free Report) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,545,871 shares of the company's stock after selling 77,700 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of NatWest Group worth $23,829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in shares of NatWest Group by 10.7% during the third quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company's stock worth $100,245,000 after buying an additional 1,031,057 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in NatWest Group by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company's stock valued at $56,615,000 after purchasing an additional 205,439 shares during the last quarter. Raymond James & Associates boosted its position in NatWest Group by 6.7% during the third quarter. Raymond James & Associates now owns 2,564,252 shares of the company's stock valued at $24,001,000 after purchasing an additional 162,068 shares during the last quarter. FMR LLC boosted its position in NatWest Group by 57.0% during the third quarter. FMR LLC now owns 1,988,329 shares of the company's stock valued at $18,611,000 after purchasing an additional 721,578 shares during the last quarter. Finally, 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 during the last quarter. Institutional investors own 1.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. The Goldman Sachs Group assumed coverage on NatWest Group in a research report on Friday, October 4th. They set a "buy" rating for the company. Jefferies Financial Group raised NatWest Group from an "underperform" rating to a "buy" rating in a research report on Tuesday, October 15th. Kepler Capital Markets assumed coverage on NatWest Group in a research report on Thursday, September 5th. They issued a "buy" rating for the company. Finally, Keefe, Bruyette & Woods raised NatWest Group from a "hold" rating to a "moderate buy" rating in a research report on Monday, November 4th. 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, the company presently has a consensus rating of "Buy".

NatWest Group Stock Performance

NYSE:NWG traded up $0.07 during mid-day trading on Wednesday, hitting $10.55. 2,315,493 shares of the stock were exchanged, compared to its average volume of 2,190,215. The stock has a market capitalization of $43.81 billion, a price-to-earnings ratio of 7.94 and a beta of 1.32. The firm's 50-day simple moving average is $9.82 and its 200 day simple moving average is $9.09. 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 plc has a fifty-two week low of $5.16 and a fifty-two week high of $10.75.

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.