Wipfli Financial Advisors LLC Purchases New Shares in NatWest Group plc (NYSE:NWG)

Wipfli Financial Advisors LLC purchased a new position in shares of NatWest Group plc (NYSE:NWGGet Rating) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 6,282 shares of the company’s stock, valued at approximately $31,000.

Other large investors have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in shares of NatWest Group by 19.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 5,175,543 shares of the company’s stock valued at $28,206,000 after buying an additional 831,101 shares during the period. Dimensional Fund Advisors LP raised its position in shares of NatWest Group by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,074,233 shares of the company’s stock worth $23,143,000 after buying an additional 107,995 shares in the last quarter. FMR LLC raised its position in shares of NatWest Group by 35.1% during the 2nd quarter. FMR LLC now owns 2,221,524 shares of the company’s stock worth $12,107,000 after buying an additional 576,589 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of NatWest Group by 4,622.6% in the 2nd quarter. Natixis Advisors L.P. now owns 2,086,856 shares of the company’s stock worth $11,373,000 after purchasing an additional 2,042,667 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of NatWest Group by 8.3% in the 1st quarter. BlackRock Inc. now owns 1,762,847 shares of the company’s stock worth $10,013,000 after purchasing an additional 134,908 shares in the last quarter. Institutional investors own 0.88% of the company’s stock.

NatWest Group Stock Down 0.9 %

NWG stock opened at $7.35 on Friday. The company has a market cap of $35.97 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.19 and a beta of 1.26. The business has a 50-day simple moving average of $6.50 and a 200 day simple moving average of $6.10. NatWest Group plc has a 52 week low of $4.70 and a 52 week high of $7.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NWG shares. JPMorgan Chase & Co. boosted 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. Barclays decreased their target price on shares of NatWest Group from GBX 400 ($4.88) to GBX 370 ($4.51) in a research report on Thursday, October 20th. Royal Bank of Canada cut shares of NatWest Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 25th. Keefe, Bruyette & Woods cut shares of NatWest Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 19th. Finally, BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $341.96.

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.

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

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