NatWest Group plc (NYSE:NWG) Shares Bought by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC grew its holdings in shares of NatWest Group plc (NYSE:NWG) by 109.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,582 shares of the company’s stock after purchasing an additional 3,433 shares during the period. Bruce G. Allen Investments LLC’s holdings in NatWest Group were worth $78,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Natixis Advisors LLC grew its position in NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after buying an additional 408,239 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of NatWest Group by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company’s stock worth $74,473,000 after acquiring an additional 216,053 shares during the period. Bank of America Corp DE boosted its holdings in shares of NatWest Group by 25.1% in the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company’s stock valued at $47,924,000 after acquiring an additional 944,464 shares in the last quarter. Todd Asset Management LLC boosted its holdings in shares of NatWest Group by 0.3% in the fourth quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock valued at $42,057,000 after acquiring an additional 10,755 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of NatWest Group by 45.6% during the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company’s stock valued at $32,982,000 after acquiring an additional 1,014,926 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Trading Up 1.1%

Shares of NYSE:NWG opened at $14.42 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $58.07 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.85 and a beta of 1.04. NatWest Group plc has a 1-year low of $7.80 and a 1-year high of $14.55. The company has a 50 day moving average price of $12.93 and a 200 day moving average price of $11.60.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. On average, research analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NWG. Peel Hunt downgraded NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 6th. Citigroup reissued a “buy” rating on shares of NatWest Group in a research note on Monday, April 28th. Finally, BNP Paribas lowered NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NatWest Group currently has an average 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.