Apollon Wealth Management LLC Takes Position in NatWest Group plc (NYSE:NWG)

Apollon Wealth Management LLC bought a new position in shares of NatWest Group plc (NYSE:NWG) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 10,618 shares of the company’s stock, valued at approximately $108,000.

Other hedge funds have also recently bought and sold shares of the company. Mediolanum International Funds Ltd purchased a new stake in NatWest Group during the third quarter worth approximately $11,420,000. Natixis Advisors LLC increased its holdings in NatWest Group by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock valued at $100,245,000 after purchasing an additional 1,031,057 shares in the last quarter. FMR LLC increased its holdings in NatWest Group by 57.0% in the 3rd quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after purchasing an additional 721,578 shares in the last quarter. US Bancorp DE lifted its stake in shares of NatWest Group by 352.4% during the third quarter. US Bancorp DE now owns 567,421 shares of the company’s stock worth $5,311,000 after purchasing an additional 442,002 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of NatWest Group by 394.6% during the third quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock worth $2,441,000 after purchasing an additional 196,724 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

NWG opened at $10.85 on Friday. NatWest Group plc has a twelve month low of $5.46 and a twelve month high of $11.37. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The firm has a market cap of $43.68 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.84 and a beta of 1.30. The company has a fifty day simple moving average of $10.41 and a 200 day simple moving average of $9.76.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

NatWest Group Company 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.