Oppenheimer Asset Management Inc. Takes Position in NatWest Group plc (NYSE:NWG)

Oppenheimer Asset Management Inc. purchased a new stake in shares of NatWest Group plc (NYSE:NWGFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 79,425 shares of the company’s stock, valued at approximately $463,000.

A number of other hedge funds also recently made changes to their positions in NWG. NBC Securities Inc. bought a new stake in NatWest Group during the third quarter worth approximately $25,000. Paradigm Asset Management Co. LLC bought a new stake in NatWest Group during the third quarter worth approximately $26,000. Barclays PLC bought a new stake in NatWest Group during the second quarter worth approximately $35,000. Captrust Financial Advisors raised its holdings in NatWest Group by 225.5% during the second quarter. Captrust Financial Advisors now owns 9,675 shares of the company’s stock worth $53,000 after purchasing an additional 6,703 shares in the last quarter. Finally, Ronald Blue Trust Inc. grew its position in NatWest Group by 232.4% in the third quarter. Ronald Blue Trust Inc. now owns 9,531 shares of the company’s stock worth $59,000 after buying an additional 6,664 shares during the last quarter. Institutional investors own 1.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NWG. Barclays upgraded NatWest Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 17th. Jefferies Financial Group lowered NatWest Group from a “buy” rating to an “underperform” rating in a research report on Monday, October 30th. Finally, BNP Paribas upgraded NatWest Group from an “underperform” rating to an “outperform” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $355.00.

View Our Latest Stock Report on NatWest Group

NatWest Group Trading Down 1.5 %

Shares of NYSE NWG opened at $5.43 on Friday. NatWest Group plc has a one year low of $4.30 and a one year high of $7.63. The firm has a market capitalization of $23.88 billion, a PE ratio of 5.54, a PEG ratio of 0.56 and a beta of 1.41. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $5.59 and a two-hundred day moving average price of $5.58.

NatWest Group Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 4th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a yield of 9.9%.

NatWest Group Profile

(Free Report)

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.

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

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