Y Intercept Hong Kong Ltd Increases Position in NatWest Group plc $NWG

Y Intercept Hong Kong Ltd raised its holdings in shares of NatWest Group plc (NYSE:NWG) by 909.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,797 shares of the company’s stock after buying an additional 308,852 shares during the period. Y Intercept Hong Kong Ltd’s holdings in NatWest Group were worth $4,851,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NWG. GAMMA Investing LLC boosted its position in shares of NatWest Group by 15.3% during the first quarter. GAMMA Investing LLC now owns 13,290 shares of the company’s stock valued at $158,000 after buying an additional 1,761 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of NatWest Group by 39.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 66,832 shares of the company’s stock valued at $797,000 after purchasing an additional 19,017 shares during the period. Bessemer Group Inc. boosted its holdings in shares of NatWest Group by 374.5% in the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock valued at $25,000 after purchasing an additional 1,659 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of NatWest Group by 9.2% in the first quarter. Perigon Wealth Management LLC now owns 13,153 shares of the company’s stock valued at $157,000 after purchasing an additional 1,108 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of NatWest Group by 3.9% in the first quarter. Sequoia Financial Advisors LLC now owns 31,579 shares of the company’s stock valued at $376,000 after purchasing an additional 1,193 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BNP Paribas lowered NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a report on Wednesday, October 8th. BNP Paribas Exane lowered NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Finally, Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, NatWest Group currently has a consensus rating of “Hold”.

NatWest Group Stock Performance

Shares of NYSE:NWG opened at $15.59 on Wednesday. The company has a market capitalization of $62.67 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. NatWest Group plc has a 52 week low of $9.16 and a 52 week high of $15.69. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $14.48 and a 200 day moving average of $13.94.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, October 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.63 billion. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. On average, sell-side analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Company 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.