JPMorgan Chase & Co. Lowers Holdings in NatWest Group plc (NYSE:NWG)

JPMorgan Chase & Co. cut its stake in NatWest Group plc (NYSE:NWG) by 51.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,693 shares of the company’s stock after selling 48,866 shares during the period. JPMorgan Chase & Co.’s holdings in NatWest Group were worth $437,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bruce G. Allen Investments LLC raised its stake in NatWest Group by 285.3% during the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock worth $26,000 after purchasing an additional 2,083 shares during the period. Private Trust Co. NA raised its position in shares of NatWest Group by 121.3% in the 3rd 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 period. Hexagon Capital Partners LLC boosted its holdings in 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 acquiring an additional 1,980 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in NatWest Group during the third quarter valued at about $33,000. Finally, GAMMA Investing LLC increased its stake in NatWest Group by 61.9% during the third quarter. GAMMA Investing LLC now owns 7,391 shares of the company’s stock worth $69,000 after acquiring an additional 2,825 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Stock Performance

NatWest Group stock opened at $10.76 on Wednesday. The firm has a market capitalization of $43.31 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.31. NatWest Group plc has a one year low of $5.16 and a one year high of $10.78. The stock’s 50 day moving average price is $10.20 and its 200 day moving average price is $9.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NWG shares. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Jefferies Financial Group raised 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 research note on Friday, October 4th. They issued 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. According to MarketBeat.com, the stock presently has an average 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.