Provenance Wealth Advisors LLC Buys 69,538 Shares of NatWest Group plc $NWG

Provenance Wealth Advisors LLC raised its stake in shares of NatWest Group plc (NYSE:NWG) by 33,756.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 69,744 shares of the company’s stock after buying an additional 69,538 shares during the period. Provenance Wealth Advisors LLC’s holdings in NatWest Group were worth $1,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vise Technologies Inc. lifted its stake in shares of NatWest Group by 52.3% in the 3rd quarter. Vise Technologies Inc. now owns 139,310 shares of the company’s stock worth $2,528,000 after acquiring an additional 47,833 shares during the period. Summit Global Investments boosted its holdings in shares of NatWest Group by 3.7% in the third quarter. Summit Global Investments now owns 32,369 shares of the company’s stock valued at $587,000 after acquiring an additional 1,167 shares in the last quarter. Choreo LLC increased its stake in shares of NatWest Group by 4.3% during the third quarter. Choreo LLC now owns 51,268 shares of the company’s stock valued at $931,000 after acquiring an additional 2,106 shares during the period. Park Avenue Securities LLC increased its stake in shares of NatWest Group by 0.7% during the third quarter. Park Avenue Securities LLC now owns 88,154 shares of the company’s stock valued at $1,600,000 after acquiring an additional 589 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in shares of NatWest Group by 11.9% during the third quarter. Apollon Wealth Management LLC now owns 15,216 shares of the company’s stock valued at $276,000 after acquiring an additional 1,615 shares during the period. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Stock Performance

Shares of NYSE NWG opened at $16.56 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $65.76 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.70 and a beta of 1.02. The stock’s fifty day simple moving average is $17.79 and its 200 day simple moving average is $17.06. NatWest Group plc has a 52-week low of $13.76 and a 52-week high of $19.42.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, October 30th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. NatWest Group had a return on equity of 13.75% and a net margin of 19.61%. The business had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $6.18 billion. As a group, sell-side analysts forecast that NatWest Group plc will post 1.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NWG shares. Weiss Ratings downgraded NatWest Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Morgan Stanley upgraded NatWest Group from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 2nd. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Wall Street Zen lowered NatWest Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Barclays raised NatWest Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank and Coutts, it provides current accounts, savings products, mortgages, personal loans, credit cards, insurance and other financial services to individuals and households.

The group also serves small and medium-sized businesses, larger companies and institutional clients. Its commercial and institutional banking activities include lending, transaction banking, cash management, payments, trade finance, capital markets services and risk-management solutions.