Ritholtz Wealth Management grew its holdings in shares of NatWest Group plc (NYSE:NWG – Free Report) by 8.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 420,712 shares of the company’s stock after buying an additional 32,314 shares during the period. Ritholtz Wealth Management’s holdings in NatWest Group were worth $6,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the business. Larson Financial Group LLC raised its position in shares of NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after acquiring an additional 1,484 shares in the last quarter. American National Bank & Trust acquired a new position in NatWest Group in the fourth quarter valued at approximately $31,000. Rachor Investment Advisory Services LLC purchased a new position in NatWest Group in the fourth quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd raised its holdings in NatWest Group by 173.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of NatWest Group by 186.8% during the 3rd quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock worth $39,000 after buying an additional 1,784 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.
NatWest Group Price Performance
Shares of NYSE NWG opened at $17.00 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. NatWest Group plc has a twelve month low of $12.91 and a twelve month high of $19.35. The stock has a 50 day moving average of $16.03 and a two-hundred day moving average of $16.44. The stock has a market cap of $67.76 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.92 and a beta of 0.93.
Wall Street Analyst Weigh In
NWG has been the subject of several research analyst reports. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. 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. Keefe, Bruyette & Woods cut shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. 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. Finally, Berenberg Bank assumed coverage on NatWest Group in a report on Wednesday. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Report on NatWest Group
NatWest Group Profile
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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