Prosperity Consulting Group LLC Buys Shares of 70,026 NatWest Group plc $NWG

Prosperity Consulting Group LLC purchased a new stake in NatWest Group plc (NYSE:NWG) in the first quarter, HoldingsChannel reports. The firm purchased 70,026 shares of the company’s stock, valued at approximately $1,043,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC grew its stake in NatWest Group by 427.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after acquiring an additional 1,484 shares during the last quarter. American National Bank & Trust acquired a new stake in NatWest Group during the 4th quarter valued at $31,000. Rachor Investment Advisory Services LLC purchased a new position in NatWest Group during the fourth quarter worth $34,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of NatWest Group by 173.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after acquiring an additional 1,394 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of NatWest Group by 186.8% in the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock valued at $39,000 after acquiring an additional 1,784 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Stock Up 0.6%

NWG opened at $17.95 on Friday. NatWest Group plc has a 12 month low of $13.30 and a 12 month high of $19.35. The business has a 50-day moving average of $16.62 and a two-hundred day moving average of $16.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $71.54 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.80 billion. On average, research analysts expect that NatWest Group plc will post 1.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

NWG has been the topic of a number of analyst reports. Berenberg Bank assumed coverage on NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating on the stock. BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods cut shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research downgraded NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings lowered NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About NatWest Group

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.