NatWest Group plc $NWG Stock Holdings Lessened by QRG Capital Management Inc.

QRG Capital Management Inc. cut its stake in shares of NatWest Group plc (NYSE:NWG) by 40.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 416,219 shares of the company’s stock after selling 284,887 shares during the period. QRG Capital Management Inc.’s holdings in NatWest Group were worth $5,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC raised its holdings in shares of NatWest Group by 2,941.7% during the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after acquiring an additional 1,765 shares in the last quarter. Dogwood Wealth Management LLC acquired a new position in NatWest Group in the 2nd quarter worth about $26,000. True Wealth Design LLC purchased a new stake in shares of NatWest Group during the 3rd quarter worth about $49,000. First Horizon Advisors Inc. lifted its holdings in shares of NatWest Group by 22.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock valued at $57,000 after buying an additional 746 shares during the last quarter. Finally, MAI Capital Management grew its stake in shares of NatWest Group by 410.8% in the 2nd quarter. MAI Capital Management now owns 4,403 shares of the company’s stock valued at $62,000 after buying an additional 3,541 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Up 2.2%

NWG stock opened at $17.52 on Friday. The stock has a market capitalization of $70.13 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.69 and a beta of 0.99. The company has a 50-day moving average of $16.79 and a two-hundred day moving average of $15.20. NatWest Group plc has a 52-week low of $10.17 and a 52-week high of $18.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05.

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

Analyst Ratings Changes

Several brokerages recently weighed in on NWG. Barclays reaffirmed an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research note on Wednesday, October 8th. The Goldman Sachs Group reissued a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. Finally, Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

NatWest Group Company 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.