HB Wealth Management LLC Makes New Investment in NatWest Group plc (NYSE:NWG)

HB Wealth Management LLC purchased a new stake in shares of NatWest Group plc (NYSE:NWG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,963 shares of the company’s stock, valued at approximately $183,000.

A number of other large investors have also recently modified their holdings of the company. Natixis Advisors LLC lifted its stake in NatWest Group by 10.7% in the third quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock worth $100,245,000 after acquiring an additional 1,031,057 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of NatWest Group by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company’s stock worth $56,615,000 after purchasing an additional 205,439 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of NatWest Group by 9.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 2,623,571 shares of the company’s stock worth $21,068,000 after purchasing an additional 224,900 shares during the period. Raymond James & Associates boosted its stake in shares of NatWest Group by 6.7% during the third quarter. Raymond James & Associates now owns 2,564,252 shares of the company’s stock valued at $24,001,000 after purchasing an additional 162,068 shares in the last quarter. Finally, FMR LLC increased its holdings in NatWest Group by 57.0% during the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after buying an additional 721,578 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

Shares of NYSE NWG opened at $10.57 on Friday. NatWest Group plc has a fifty-two week low of $5.16 and a fifty-two week high of $10.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $42.55 billion, a PE ratio of 8.00, a P/E/G ratio of 0.77 and a beta of 1.31. The business has a 50-day simple moving average of $10.18 and a two-hundred day simple moving average of $9.53.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NWG. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group initiated coverage on shares of NatWest Group in a research note on Friday, October 4th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

NatWest Group Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.