Hennion & Walsh Asset Management Inc. Has $609,000 Holdings in NatWest Group plc (NYSE:NWG)

Hennion & Walsh Asset Management Inc. lifted its stake in shares of NatWest Group plc (NYSE:NWG) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,918 shares of the company’s stock after purchasing an additional 14,433 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in NatWest Group were worth $609,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NWG. Private Trust Co. NA raised its stake in shares of NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after buying an additional 1,499 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in NatWest Group by 285.3% in the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock valued at $26,000 after acquiring an additional 2,083 shares during the last quarter. Hilltop National Bank bought a new position in shares of NatWest Group in the fourth quarter valued at about $29,000. Hexagon Capital Partners LLC raised its position in shares of NatWest Group by 134.5% in the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after purchasing an additional 1,980 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in NatWest Group during the third quarter worth about $33,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NatWest Group Trading Up 0.7 %

Shares of NWG opened at $10.21 on Tuesday. The company has a market capitalization of $41.04 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.67 and a beta of 1.31. NatWest Group plc has a 1-year low of $5.16 and a 1-year high of $10.75. The firm’s 50 day simple moving average is $10.14 and its 200 day simple moving average is $9.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06.

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.