QRG Capital Management Inc. Purchases 43,280 Shares of NatWest Group plc $NWG

QRG Capital Management Inc. raised its position in shares of NatWest Group plc (NYSE:NWG) by 9.6% in the 1st quarter, Holdings Channel reports. The firm owned 496,321 shares of the company’s stock after acquiring an additional 43,280 shares during the period. QRG Capital Management Inc.’s holdings in NatWest Group were worth $7,395,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of NatWest Group by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock valued at $715,964,000 after purchasing an additional 1,677,879 shares during the last quarter. Capital International Investors raised its holdings in shares of NatWest Group by 1.2% during the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock worth $188,764,000 after buying an additional 156,832 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of NatWest Group by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 13,399,866 shares of the company’s stock worth $234,498,000 after buying an additional 494,472 shares during the last quarter. Morgan Stanley lifted its position in shares of NatWest Group by 10.0% during the 4th quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock worth $193,570,000 after buying an additional 1,009,044 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in NatWest Group by 0.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,858,522 shares of the company’s stock valued at $120,024,000 after buying an additional 18,334 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

NWG has been the topic of a number of recent analyst reports. Berenberg Bank assumed coverage on NatWest Group in a research report on Wednesday, June 24th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods cut shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen cut shares of NatWest Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings downgraded shares of 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

NatWest Group Trading Up 0.1%

Shares of NWG stock opened at $18.00 on Friday. The firm has a market capitalization of $71.78 billion, a P/E ratio of 9.58, a P/E/G ratio of 0.96 and a beta of 0.92. NatWest Group plc has a twelve month low of $13.16 and a twelve month high of $19.35. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $16.18 and its 200 day simple moving average is $16.49.

NatWest Group (NYSE:NWG) last posted its earnings results on Friday, May 1st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. As a group, sell-side analysts predict that NatWest Group plc will post 1.97 EPS for the current fiscal year.

NatWest Group 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.