Townsquare Capital LLC Takes $151,000 Position in NatWest Group plc (NYSE:NWG)

Townsquare Capital LLC purchased a new position in NatWest Group plc (NYSE:NWG) during the third quarter, Holdings Channel reports. The fund purchased 16,088 shares of the company’s stock, valued at approximately $151,000.

Several other institutional investors also recently added to or reduced their stakes in NWG. Raymond James Trust N.A. raised its position in NatWest Group by 3.0% in the third quarter. Raymond James Trust N.A. now owns 35,878 shares of the company’s stock worth $336,000 after acquiring an additional 1,039 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of NatWest Group by 4.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,328 shares of the company’s stock worth $236,000 after purchasing an additional 1,230 shares during the period. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 1,259 shares during the last quarter. Private Trust Co. NA grew its holdings in NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after purchasing an additional 1,499 shares during the period. Finally, GAMMA Investing LLC increased its position in NatWest Group by 65.7% in the second quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after buying an additional 1,810 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

Shares of NWG opened at $10.63 on Friday. NatWest Group plc has a 52-week low of $5.16 and a 52-week high of $10.71. The stock’s 50-day simple moving average is $9.77 and its 200 day simple moving average is $9.04. 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 stock has a market capitalization of $44.14 billion, a price-to-earnings ratio of 8.05 and a beta of 1.32.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on 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. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Kepler Capital Markets assumed coverage on shares of NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group raised shares of NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock 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.