NatWest Group plc (NYSE:NWG) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC lifted its stake in shares of NatWest Group plc (NYSE:NWG) by 66.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 69,531 shares of the company’s stock after purchasing an additional 27,742 shares during the quarter. MML Investors Services LLC’s holdings in NatWest Group were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in NWG. Natixis Advisors LLC grew its stake in NatWest Group by 28.4% during the 2nd quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock valued at $77,721,000 after purchasing an additional 2,139,290 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of NatWest Group during the third quarter worth about $11,420,000. FMR LLC boosted its position in NatWest Group by 57.0% in the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after buying an additional 721,578 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in 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 buying an additional 627,097 shares during the period. Finally, US Bancorp DE raised its position in NatWest Group by 352.4% during the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company’s stock worth $5,311,000 after buying an additional 442,002 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NWG. Kepler Capital Markets started coverage on shares of NatWest Group in a research note on Thursday, September 5th. They issued a “buy” rating on the stock. The Goldman Sachs Group initiated coverage on NatWest Group in a research note on Friday, October 4th. They set a “buy” rating for the company. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NatWest Group presently has a consensus rating of “Buy”.

NatWest Group Trading Down 0.2 %

Shares of NatWest Group stock opened at $10.05 on Friday. The firm has a 50-day simple moving average of $9.99 and a two-hundred day simple moving average of $9.20. 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. The company has a market cap of $40.42 billion, a P/E ratio of 7.61 and a beta of 1.32.

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.