Oppenheimer Asset Management Inc. Has $615,000 Stake in NatWest Group plc (NYSE:NWG)

Oppenheimer Asset Management Inc. cut its holdings in shares of NatWest Group plc (NYSE:NWG) by 44.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,713 shares of the company’s stock after selling 51,624 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in NatWest Group were worth $615,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NWG. Allspring Global Investments Holdings LLC acquired a new stake in shares of NatWest Group in the 1st quarter valued at $44,000. Janney Montgomery Scott LLC bought a new stake in shares of NatWest Group in the first quarter worth $432,000. Sei Investments Co. increased its position in shares of NatWest Group by 14.5% during the 1st quarter. Sei Investments Co. now owns 315,011 shares of the company’s stock worth $2,142,000 after purchasing an additional 39,911 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in NatWest Group by 66.9% during the first quarter. Russell Investments Group Ltd. now owns 19,093 shares of the company’s stock worth $130,000 after purchasing an additional 7,655 shares during the period. Finally, US Bancorp DE raised its position in shares of NatWest Group by 9.4% in the first quarter. US Bancorp DE now owns 61,613 shares of the company’s stock valued at $419,000 after purchasing an additional 5,303 shares during the period. Institutional investors own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Kepler Capital Markets started coverage on NatWest Group in a research note on Thursday, September 5th. They issued a “buy” rating for the company. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. UBS Group raised NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group started coverage on shares of NatWest Group in a research report on Friday, October 4th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NatWest Group has a consensus rating of “Buy”.

NatWest Group Trading Down 0.4 %

NYSE:NWG opened at $10.05 on Wednesday. The stock has a market cap of $41.71 billion, a price-to-earnings ratio of 7.61 and a beta of 1.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $9.47 and a 200-day moving average price of $8.86. NatWest Group plc has a 12 month low of $5.10 and a 12 month high of $10.31.

NatWest Group Company Profile

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.