MAI Capital Management Grows Position in NatWest Group plc $NWG

MAI Capital Management raised its stake in shares of NatWest Group plc (NYSE:NWG) by 410.8% during the second quarter, HoldingsChannel reports. The firm owned 4,403 shares of the company’s stock after purchasing an additional 3,541 shares during the quarter. MAI Capital Management’s holdings in NatWest Group were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of NatWest Group by 62.3% during the second quarter. JPMorgan Chase & Co. now owns 1,621,691 shares of the company’s stock valued at $22,947,000 after buying an additional 622,331 shares during the last quarter. Entropy Technologies LP grew its stake in NatWest Group by 3.9% during the 2nd quarter. Entropy Technologies LP now owns 133,727 shares of the company’s stock valued at $1,892,000 after purchasing an additional 5,053 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of NatWest Group in the second quarter valued at about $418,000. TD Waterhouse Canada Inc. raised its stake in shares of NatWest Group by 2.5% in the second quarter. TD Waterhouse Canada Inc. now owns 519,442 shares of the company’s stock worth $7,210,000 after purchasing an additional 12,850 shares during the last quarter. Finally, Portside Wealth Group LLC lifted its holdings in shares of NatWest Group by 125.0% during the second quarter. Portside Wealth Group LLC now owns 32,177 shares of the company’s stock worth $455,000 after purchasing an additional 17,876 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NWG has been the topic of several research reports. Zacks Research upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Wednesday, October 8th. BNP Paribas Exane cut shares of NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Finally, BNP Paribas lowered shares of NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

NatWest Group Price Performance

NYSE:NWG opened at $16.73 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. The firm has a market cap of $67.13 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.66 and a beta of 1.12. The company has a 50 day moving average price of $15.08 and a 200-day moving average price of $14.44. NatWest Group plc has a 1-year low of $9.16 and a 1-year high of $16.82.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, October 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.63 billion. Equities research analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

About NatWest Group

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.