Ritholtz Wealth Management Purchases 45,039 Shares of NatWest Group plc $NWG

Ritholtz Wealth Management raised its holdings in shares of NatWest Group plc (NYSE:NWG) by 15.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 342,622 shares of the company’s stock after acquiring an additional 45,039 shares during the period. Ritholtz Wealth Management’s holdings in NatWest Group were worth $4,848,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dogwood Wealth Management LLC bought a new position in NatWest Group in the second quarter worth about $26,000. Salomon & Ludwin LLC raised its stake in shares of NatWest Group by 2,941.7% in the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after purchasing an additional 1,765 shares during the last quarter. True Wealth Design LLC purchased a new position in NatWest Group in the 3rd quarter worth about $49,000. Geneos Wealth Management Inc. lifted its stake in NatWest Group by 35.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock valued at $55,000 after acquiring an additional 1,195 shares during the period. Finally, First Horizon Advisors Inc. boosted 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 acquiring an additional 746 shares during the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Stock Up 2.2%

NWG stock opened at $17.52 on Friday. The business’s 50-day moving average price is $16.79 and its 200-day moving average price is $15.19. The stock has a market cap of $70.13 billion, a P/E ratio of 10.19, a PEG ratio of 0.68 and a beta of 0.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group plc has a twelve month low of $10.17 and a twelve month high of $18.19.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, October 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.63 billion. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. On average, equities research analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

Wall Street Analyst Weigh In

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

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.