Oppenheimer Asset Management Inc. Increases Stock Position in NatWest Group plc $NWG

Oppenheimer Asset Management Inc. grew its holdings in NatWest Group plc (NYSE:NWG) by 31.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,202 shares of the company’s stock after purchasing an additional 45,484 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in NatWest Group were worth $2,720,000 at the end of the most recent quarter.

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

NatWest Group Stock Performance

NYSE NWG opened at $16.31 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05. NatWest Group plc has a 1-year low of $10.40 and a 1-year high of $19.35. The firm has a market capitalization of $65.29 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.59 and a beta of 0.96. The business’s 50-day simple moving average is $17.45 and its 200-day simple moving average is $15.76.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NWG shares. Barclays reaffirmed an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Finally, Zacks Research upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

NatWest Group Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.