Orion Porfolio Solutions LLC Has $7.28 Million Stock Position in NatWest Group plc $NWG

Orion Porfolio Solutions LLC grew its position in NatWest Group plc (NYSE:NWG) by 45.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 514,128 shares of the company’s stock after purchasing an additional 159,855 shares during the period. Orion Porfolio Solutions LLC’s holdings in NatWest Group were worth $7,275,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NWG. Fisher Asset Management LLC increased its holdings in NatWest Group by 13.1% in the second quarter. Fisher Asset Management LLC now owns 37,531,392 shares of the company’s stock worth $531,069,000 after buying an additional 4,355,850 shares during the last quarter. L1 Capital Pty Ltd bought a new stake in NatWest Group in the second quarter worth approximately $146,913,000. Goldman Sachs Group Inc. grew its position in NatWest Group by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock worth $77,181,000 after acquiring an additional 455,538 shares in the last quarter. Bank of America Corp DE increased its stake in shares of NatWest Group by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 5,554,910 shares of the company’s stock worth $78,602,000 after purchasing an additional 231,732 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of NatWest Group by 20.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,881,083 shares of the company’s stock valued at $54,917,000 after purchasing an additional 647,828 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NWG has been the subject of a number of recent research reports. BNP Paribas cut shares of NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. The Goldman Sachs Group restated a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Finally, BNP Paribas Exane cut NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

NatWest Group Trading Up 2.6%

Shares of NYSE:NWG opened at $16.93 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s 50-day moving average is $15.62 and its 200-day moving average is $14.65. The company has a market cap of $67.83 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.73 and a beta of 1.00. NatWest Group plc has a 52-week low of $9.16 and a 52-week high of $16.94.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, October 24th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. The firm had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.63 billion. NatWest Group had a return on equity of 12.77% and a net margin of 18.18%. Equities research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

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.