SG Trading Solutions LLC Invests $999,000 in NatWest Group plc $NWG

SG Trading Solutions LLC acquired a new position in shares of NatWest Group plc (NYSE:NWG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 57,080 shares of the company’s stock, valued at approximately $999,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its stake in NatWest Group by 76.7% during the fourth quarter. Corient Private Wealth LLC now owns 138,930 shares of the company’s stock worth $2,431,000 after purchasing an additional 60,288 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of NatWest Group by 1.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 389,385 shares of the company’s stock valued at $6,814,000 after buying an additional 5,685 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of NatWest Group in the fourth quarter valued at $261,000. NewEdge Advisors LLC raised its holdings in shares of NatWest Group by 12.5% in the 4th quarter. NewEdge Advisors LLC now owns 57,396 shares of the company’s stock valued at $1,004,000 after buying an additional 6,395 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in shares of NatWest Group in the 4th quarter valued at $537,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Ratings Changes

NWG has been the subject of a number of research analyst reports. Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of NatWest Group from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, NatWest Group currently has an average rating of “Moderate Buy”.

NatWest Group Stock Up 0.3%

NatWest Group stock opened at $16.80 on Friday. The firm has a market capitalization of $67.00 billion, a P/E ratio of 8.94, a P/E/G ratio of 0.89 and a beta of 0.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. NatWest Group plc has a twelve month low of $12.91 and a twelve month high of $19.35. The stock’s fifty day simple moving average is $15.98 and its 200-day simple moving average is $16.43.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%.The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. As a group, equities analysts expect that NatWest Group plc will post 1.97 earnings per share for the current fiscal year.

About NatWest Group

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.