34,503 Shares in NatWest Group plc $NWG Purchased by Advisors Preferred LLC

Advisors Preferred LLC purchased a new stake in NatWest Group plc (NYSE:NWGFree Report) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 34,503 shares of the company’s stock, valued at approximately $514,000.

Several other hedge funds have also recently modified their holdings of NWG. Larson Financial Group LLC increased its holdings in NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after buying an additional 1,484 shares during the period. American National Bank & Trust purchased a new position in NatWest Group in the fourth quarter valued at about $31,000. Rachor Investment Advisory Services LLC bought a new position in NatWest Group in the fourth quarter worth about $34,000. Caitong International Asset Management Co. Ltd raised its holdings in NatWest Group by 173.6% in 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 boosted its stake in NatWest Group by 186.8% in the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock valued at $39,000 after acquiring an additional 1,784 shares in 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 $17.93 on Thursday. NatWest Group plc has a 52 week low of $13.19 and a 52 week high of $19.35. The business’s 50 day moving average price is $16.53 and its 200 day moving average price is $16.51. 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 firm has a market cap of $71.46 billion, a P/E ratio of 9.53, a P/E/G ratio of 0.89 and a beta of 0.92.

NatWest Group (NYSE:NWGGet Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. On average, sell-side analysts expect that NatWest Group plc will post 1.94 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on NWG shares. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Berenberg Bank started coverage on NatWest Group in a research report on Wednesday, June 24th. They issued a “buy” rating for the company. Wall Street Zen downgraded NatWest Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Keefe, Bruyette & Woods cut NatWest Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on NatWest Group

NatWest Group Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NWG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NatWest Group plc (NYSE:NWGFree Report).

Institutional Ownership by Quarter for NatWest Group (NYSE:NWG)

Receive News & Ratings for NatWest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NatWest Group and related companies with MarketBeat.com's FREE daily email newsletter.