BNP Paribas Financial Markets Makes New $294,000 Investment in NatWest Group plc (NYSE:NWG)

BNP Paribas Financial Markets purchased a new position in NatWest Group plc (NYSE:NWG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,937 shares of the company’s stock, valued at approximately $294,000.

Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC bought a new position in shares of NatWest Group in the fourth quarter worth approximately $27,000. First Horizon Advisors Inc. boosted its position in shares of NatWest Group by 161.4% in the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock worth $29,000 after purchasing an additional 1,787 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of NatWest Group in the fourth quarter worth $35,000. Whittier Trust Co. purchased a new position in shares of NatWest Group in the fourth quarter worth $42,000. Finally, Apollon Wealth Management LLC purchased a new position in shares of NatWest Group in the fourth quarter worth $108,000. 1.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on NWG. Citigroup reissued a “buy” rating on shares of NatWest Group in a report on Monday, April 28th. Peel Hunt downgraded shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. Finally, BNP Paribas downgraded shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

NatWest Group Trading Down 0.3%

NWG stock opened at $14.26 on Wednesday. The company has a market capitalization of $57.43 billion, a PE ratio of 10.49, a P/E/G ratio of 0.85 and a beta of 1.01. NatWest Group plc has a 12 month low of $7.80 and a 12 month high of $14.42. The firm’s 50-day moving average is $12.56 and its 200 day moving average is $11.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $3.80 billion. On average, research analysts anticipate that NatWest Group plc will post 1.35 EPS for the current year.

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, Private Banking, and Commercial & Institutional segments.