Fulton Bank N.A. Cuts Stake in NatWest Group plc (NYSE:NWG)

Fulton Bank N.A. lowered its position in shares of NatWest Group plc (NYSE:NWG) by 11.0% in the first quarter, Holdings Channel reports. The institutional investor owned 15,987 shares of the company’s stock after selling 1,971 shares during the period. Fulton Bank N.A.’s holdings in NatWest Group were worth $191,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NWG. Raymond James Financial Inc. purchased a new position in shares of NatWest Group in the 4th quarter valued at about $27,339,000. Northern Trust Corp increased its holdings in shares of NatWest Group by 45.6% in the 4th quarter. Northern Trust Corp now owns 3,243,078 shares of the company’s stock valued at $32,982,000 after purchasing an additional 1,014,926 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of NatWest Group by 25.1% in the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company’s stock valued at $47,924,000 after purchasing an additional 944,464 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of NatWest Group in the 4th quarter valued at about $9,578,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of NatWest Group by 1,506.7% in the 4th quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company’s stock valued at $7,630,000 after purchasing an additional 703,534 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NWG. Peel Hunt downgraded shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. Citigroup restated a “buy” rating on shares of NatWest Group in a report on Monday, April 28th. Finally, BNP Paribas downgraded shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

NatWest Group Price Performance

NatWest Group stock opened at $14.27 on Friday. NatWest Group plc has a 12-month low of $7.80 and a 12-month high of $14.55. The stock has a market capitalization of $57.45 billion, a P/E ratio of 10.49, a P/E/G ratio of 0.85 and a beta of 1.01. The firm’s 50-day moving average is $12.88 and its two-hundred day moving average is $11.55. 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 released its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. Equities analysts predict that NatWest Group plc will post 1.35 earnings per share 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.