QRG Capital Management Inc. Has $5.89 Million Position in NatWest Group plc $NWG

QRG Capital Management Inc. cut its position in shares of NatWest Group plc (NYSE:NWG) by 40.6% during the third quarter, Holdings Channel reports. The institutional investor owned 416,219 shares of the company’s stock after selling 284,887 shares during the quarter. QRG Capital Management Inc.’s holdings in NatWest Group were worth $5,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Dogwood Wealth Management LLC bought a new stake in NatWest Group in the 2nd quarter valued at $26,000. Salomon & Ludwin LLC raised its position in 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 in the last quarter. True Wealth Design LLC acquired a new stake in NatWest Group during the third quarter valued at approximately $49,000. Geneos Wealth Management Inc. raised its holdings in shares of NatWest Group by 35.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock worth $55,000 after buying an additional 1,195 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position 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 worth $57,000 after buying an additional 746 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NWG has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Wednesday, October 8th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Barclays reiterated an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

NatWest Group Stock Up 2.2%

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

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

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.