Allspring Global Investments Holdings LLC Boosts Holdings in NatWest Group plc (NYSE:NWG)

Allspring Global Investments Holdings LLC increased its position in NatWest Group plc (NYSE:NWG) by 70.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,619 shares of the company’s stock after purchasing an additional 8,923 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NatWest Group were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NWG. Bruce G. Allen Investments LLC increased its holdings in NatWest Group by 285.3% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock worth $26,000 after purchasing an additional 2,083 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of NatWest Group in the first quarter worth $27,000. EverSource Wealth Advisors LLC raised its holdings in NatWest Group by 45.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after acquiring an additional 1,259 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in NatWest Group by 134.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after acquiring an additional 1,980 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in NatWest Group by 65.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after acquiring an additional 1,810 shares in the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Price Performance

NWG opened at $9.76 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $9.22 and its 200 day moving average price is $8.64. NatWest Group plc has a fifty-two week low of $4.45 and a fifty-two week high of $9.87. The firm has a market cap of $40.53 billion, a price-to-earnings ratio of 7.39 and a beta of 1.32.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NWG. UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group started coverage on NatWest Group in a report on Friday, October 4th. They set a “buy” rating on the stock. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Kepler Capital Markets assumed coverage on NatWest Group in a research note on Thursday, September 5th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NatWest Group presently has a consensus rating of “Buy”.

About NatWest Group

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.