First Command Advisory Services Inc. Acquires 57,193 Shares of NatWest Group plc $NWG

First Command Advisory Services Inc. raised its stake in shares of NatWest Group plc (NYSE:NWG) by 963.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 63,130 shares of the company’s stock after purchasing an additional 57,193 shares during the period. First Command Advisory Services Inc.’s holdings in NatWest Group were worth $1,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC bought a new position in shares of NatWest Group in the third quarter valued at approximately $202,000. Keybank National Association OH grew its holdings in shares of NatWest Group by 27.7% in the third quarter. Keybank National Association OH now owns 56,020 shares of the company’s stock valued at $1,017,000 after acquiring an additional 12,137 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in NatWest Group by 12.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,913 shares of the company’s stock valued at $1,033,000 after purchasing an additional 6,292 shares during the period. Brighton Jones LLC raised its stake in shares of NatWest Group by 14.9% during the 3rd quarter. Brighton Jones LLC now owns 11,865 shares of the company’s stock worth $215,000 after purchasing an additional 1,535 shares during the period. Finally, Ethic Inc. raised its stake in shares of NatWest Group by 11.4% during the 3rd quarter. Ethic Inc. now owns 278,883 shares of the company’s stock worth $5,062,000 after purchasing an additional 28,634 shares during the period. 1.27% of the stock is owned by institutional investors.

NatWest Group Price Performance

NWG opened at $15.94 on Thursday. The firm has a 50-day moving average price of $17.54 and a 200-day moving average price of $17.02. NatWest Group plc has a twelve month low of $13.76 and a twelve month high of $19.42. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $63.28 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 0.82 and a beta of 1.02.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, October 30th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $6.18 billion. NatWest Group had a net margin of 19.61% and a return on equity of 13.75%. Equities analysts expect that NatWest Group plc will post 1.95 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NWG shares. Barclays upgraded shares of NatWest Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, October 13th. Wall Street Zen lowered shares of NatWest Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Morgan Stanley raised shares of NatWest Group from an “equal weight” rating to an “overweight” rating in a report on Wednesday, September 2nd. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Finally, Weiss Ratings lowered NatWest Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

NatWest Group Company Profile

NatWest Group plc is a UK banking and financial services group headquartered in Edinburgh, Scotland. Formerly known as The Royal Bank of Scotland Group, it adopted the NatWest Group name in 2020. Its principal brands include NatWest, the Royal Bank of Scotland, Ulster Bank and Coutts. The group serves personal, business and institutional customers. Its services include current and savings accounts, mortgages, personal lending, business finance, payment services, private banking and wealth management.