JPMorgan Chase & Co. decreased its holdings in NatWest Group plc (NYSE:NWG – Free Report) by 51.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,693 shares of the company’s stock after selling 48,866 shares during the quarter. JPMorgan Chase & Co.’s holdings in NatWest Group were worth $437,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the business. Natixis Advisors LLC raised its position in shares of NatWest Group by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock valued at $100,245,000 after purchasing an additional 1,031,057 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in NatWest Group by 9.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 2,623,571 shares of the company’s stock valued at $21,068,000 after acquiring an additional 224,900 shares during the last quarter. Raymond James & Associates grew its holdings in NatWest Group by 6.7% during the 3rd quarter. Raymond James & Associates now owns 2,564,252 shares of the company’s stock worth $24,001,000 after acquiring an additional 162,068 shares in the last quarter. FMR LLC increased its position 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 worth $18,611,000 after purchasing an additional 721,578 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of NatWest Group by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,674,253 shares of the company’s stock valued at $15,671,000 after purchasing an additional 6,387 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.
Wall Street Analyst Weigh In
NWG has been the subject of a number of research reports. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group initiated coverage on NatWest Group in a research note on Friday, October 4th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.
NatWest Group Price Performance
NWG opened at $10.76 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $10.20 and its 200 day moving average price is $9.56. NatWest Group plc has a fifty-two week low of $5.16 and a fifty-two week high of $10.78. The firm has a market cap of $43.31 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.31.
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.
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