Entropy Technologies LP reduced its stake in shares of NatWest Group plc (NYSE:NWG – Free Report) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,049 shares of the company’s stock after selling 32,202 shares during the quarter. Entropy Technologies LP’s holdings in NatWest Group were worth $1,523,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NWG. American National Bank & Trust acquired a new position in NatWest Group in the fourth quarter valued at $31,000. Larson Financial Group LLC increased its stake in NatWest Group by 427.7% in the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after purchasing an additional 1,484 shares during the period. Rachor Investment Advisory Services LLC acquired a new position in NatWest Group in the fourth quarter valued at $34,000. Bessemer Group Inc. increased its stake in NatWest Group by 88.7% in the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock valued at $29,000 after purchasing an additional 972 shares during the period. Finally, IFP Advisors Inc increased its stake in NatWest Group by 101.7% in the fourth quarter. IFP Advisors Inc now owns 2,259 shares of the company’s stock valued at $40,000 after purchasing an additional 1,139 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.
NatWest Group Trading Down 0.7%
Shares of NatWest Group stock opened at $16.47 on Tuesday. NatWest Group plc has a 52-week low of $12.91 and a 52-week high of $19.35. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The company’s 50-day simple moving average is $15.89 and its 200-day simple moving average is $16.42. The firm has a market cap of $65.64 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.88 and a beta of 0.93.
Wall Street Analysts Forecast Growth
A number of research firms have commented on NWG. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Wall Street Zen upgraded shares of NatWest Group from a “hold” rating to a “buy” rating in a research note on Sunday. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
About NatWest Group
NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.
The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.
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