QRG Capital Management Inc. Has $7.39 Million Stock Position in NatWest Group plc $NWG

QRG Capital Management Inc. grew its stake in shares of NatWest Group plc (NYSE:NWG) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 496,321 shares of the company’s stock after acquiring an additional 43,280 shares during the period. QRG Capital Management Inc.’s holdings in NatWest Group were worth $7,395,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NWG. Tudor Investment Corp ET AL bought a new stake in NatWest Group in the 3rd quarter valued at $6,969,000. Capital International Investors increased its position in NatWest Group by 1.2% during the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock worth $188,764,000 after buying an additional 156,832 shares during the period. Natixis Advisors LLC increased its position in NatWest Group by 7.1% during the 3rd quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock worth $182,611,000 after buying an additional 851,997 shares during the period. American Century Companies Inc. lifted its holdings in shares of NatWest Group by 15.8% during the third quarter. American Century Companies Inc. now owns 1,796,238 shares of the company’s stock worth $25,417,000 after buying an additional 245,523 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of NatWest Group by 136.0% during the third quarter. Bank of Montreal Can now owns 3,273,212 shares of the company’s stock worth $46,316,000 after buying an additional 1,886,141 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. 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 cut shares of NatWest Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Berenberg Bank initiated coverage on shares of NatWest Group in a report on Wednesday, June 24th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Weiss Ratings cut shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

NYSE:NWG opened at $18.00 on Friday. The company has a market cap of $71.78 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 0.96 and a beta of 0.92. NatWest Group plc has a fifty-two week low of $13.16 and a fifty-two week high of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day moving average price of $16.18 and a 200-day moving average price of $16.49.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. As a group, equities analysts anticipate that NatWest Group plc will post 1.97 EPS for the current fiscal year.

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.