Benjamin F. Edwards & Company Inc. Acquires Shares of 14,098 NatWest Group plc (NYSE:NWG)

Benjamin F. Edwards & Company Inc. bought a new position in shares of NatWest Group plc (NYSE:NWGGet Rating) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,098 shares of the company’s stock, valued at approximately $70,000.

A number of other large investors have also modified their holdings of NWG. Comerica Bank boosted its position in NatWest Group by 2.6% during the third quarter. Comerica Bank now owns 90,771 shares of the company’s stock worth $496,000 after acquiring an additional 2,343 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of NatWest Group during the 3rd quarter worth approximately $31,000. Raymond James & Associates grew its position in shares of NatWest Group by 10.7% in the third quarter. Raymond James & Associates now owns 931,141 shares of the company’s stock valued at $4,646,000 after purchasing an additional 89,830 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of NatWest Group in the third quarter valued at approximately $59,000. Finally, Ronald Blue Trust Inc. lifted its position in NatWest Group by 505.3% during the third quarter. Ronald Blue Trust Inc. now owns 7,124 shares of the company’s stock worth $39,000 after buying an additional 5,947 shares in the last quarter. Hedge funds and other institutional investors own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NWG shares. Credit Suisse Group raised their target price on NatWest Group from GBX 350 ($4.27) to GBX 370 ($4.51) in a research note on Monday, October 31st. Royal Bank of Canada cut shares of NatWest Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, November 25th. BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 14th. JPMorgan Chase & Co. raised their price target on shares of NatWest Group from GBX 300 ($3.66) to GBX 310 ($3.78) in a report on Tuesday, December 6th. Finally, Barclays decreased their price objective on NatWest Group from GBX 400 ($4.88) to GBX 370 ($4.51) in a report on Thursday, October 20th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, NatWest Group presently has a consensus rating of “Moderate Buy” and an average price target of $338.15.

NatWest Group Stock Performance

NYSE:NWG opened at $7.35 on Tuesday. NatWest Group plc has a fifty-two week low of $4.70 and a fifty-two week high of $7.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $6.39 and a 200 day moving average price of $6.07. The stock has a market capitalization of $35.97 billion, a P/E ratio of 11.62, a PEG ratio of 0.19 and a beta of 1.26.

NatWest Group (NYSE:NWGGet Rating) last released its quarterly earnings results on Friday, October 28th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). NatWest Group had a return on equity of 6.75% and a net margin of 18.05%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.55 billion. Equities research analysts forecast that NatWest Group plc will post 0.92 EPS for the current year.

NatWest Group Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for NatWest Group (NYSE:NWG)

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