National Asset Management Inc. purchased a new position in NatWest Group plc (NYSE:NWG – Get Rating) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,327 shares of the company’s stock, valued at approximately $60,000.
A number of other institutional investors have also bought and sold shares of NWG. Savant Capital LLC purchased a new stake in NatWest Group in the 4th quarter worth $63,000. Ieq Capital LLC purchased a new stake in NatWest Group in the 1st quarter worth $65,000. Sage Rhino Capital LLC purchased a new stake in NatWest Group in the 4th quarter worth $68,000. Blair William & Co. IL purchased a new stake in NatWest Group in the 4th quarter worth $80,000. Finally, Bessemer Group Inc. increased its stake in NatWest Group by 632.0% in the 4th quarter. Bessemer Group Inc. now owns 15,036 shares of the company’s stock worth $92,000 after buying an additional 12,982 shares in the last quarter. Hedge funds and other institutional investors own 0.59% of the company’s stock.
NatWest Group Stock Up 1.6 %
Shares of NYSE NWG opened at $6.32 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $32.93 billion, a P/E ratio of 8.32, a PEG ratio of 0.41 and a beta of 1.23. NatWest Group plc has a 1 year low of $4.99 and a 1 year high of $6.99. The firm has a 50-day simple moving average of $5.57 and a two-hundred day simple moving average of $5.81.
Analysts Set New Price Targets
NWG has been the subject of several research reports. HSBC raised shares of NatWest Group from a “hold” rating to a “buy” rating in a report on Friday, April 22nd. Barclays increased their price objective on shares of NatWest Group from GBX 320 ($3.92) to GBX 330 ($4.04) in a report on Wednesday, May 4th. Bank of America increased their price objective on shares of NatWest Group from GBX 335 ($4.10) to GBX 360 ($4.41) in a report on Tuesday, April 26th. Investec raised shares of NatWest Group from a “hold” rating to a “buy” rating in a report on Friday, May 20th. Finally, Jefferies Financial Group raised shares of NatWest Group from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, NatWest Group has an average rating of “Moderate Buy” and a consensus target price of $301.50.
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, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.
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