Verition Fund Management LLC Makes New $674,000 Investment in NatWest Group plc (NYSE:NWG)

Verition Fund Management LLC purchased a new position in NatWest Group plc (NYSE:NWG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 72,000 shares of the company's stock, valued at approximately $674,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its stake 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 valued at $77,721,000 after buying an additional 2,139,290 shares during the period. Mediolanum International Funds Ltd bought a new position in NatWest Group during the 3rd quarter worth about $11,420,000. Raymond James & Associates increased its position in NatWest Group by 46.8% during the 2nd quarter. Raymond James & Associates now owns 2,402,184 shares of the company's stock valued at $19,290,000 after purchasing an additional 765,671 shares during the period. FMR LLC raised its holdings in shares of NatWest Group by 57.0% in the 3rd 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 in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of NatWest Group by 55.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company's stock worth $14,127,000 after purchasing an additional 627,097 shares during the period. Institutional investors own 1.27% of the company's stock.

NatWest Group Stock Up 0.7 %

Shares of NWG traded up $0.07 during midday trading on Wednesday, hitting $10.55. 2,318,383 shares of the company's stock traded hands, compared to its average volume of 2,190,216. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $43.81 billion, a price-to-earnings ratio of 7.99 and a beta of 1.32. NatWest Group plc has a 1 year low of $5.16 and a 1 year high of $10.75. The firm's fifty day moving average is $9.82 and its 200-day moving average is $9.09.

Analyst Upgrades and Downgrades

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

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.