NatWest Group plc $NWG Stock: Vise Technologies Inc. Raises Stake

Vise Technologies Inc. boosted its position in shares of NatWest Group plc (NYSE:NWG) by 52.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,310 shares of the company’s stock after buying an additional 47,833 shares during the quarter. Vise Technologies Inc.’s holdings in NatWest Group were worth $2,528,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of NatWest Group by 17.8% in the first quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock valued at $103,529,000 after acquiring an additional 1,048,804 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of NatWest Group during the 2nd quarter worth about $4,239,000. Sei Investments Co. grew its holdings in NatWest Group by 28.9% during the 1st quarter. Sei Investments Co. now owns 566,648 shares of the company’s stock valued at $8,443,000 after purchasing an additional 126,996 shares during the last quarter. Renaissance Technologies LLC bought a new position in NatWest Group during the 1st quarter valued at about $1,807,000. Finally, Quantinno Capital Management LP raised its position in NatWest Group by 14.0% in the 1st quarter. Quantinno Capital Management LP now owns 889,533 shares of the company’s stock worth $13,254,000 after purchasing an additional 109,338 shares during the period. Institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

NatWest Group Stock Performance

Shares of NYSE:NWG opened at $16.56 on Thursday. The firm’s 50 day simple moving average is $17.79 and its 200-day simple moving average is $17.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.03. NatWest Group plc has a one year low of $13.76 and a one year high of $19.42. The firm has a market cap of $65.76 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.70 and a beta of 1.02.

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

About NatWest Group

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.