GC Wealth Management RIA LLC Acquires 35,543 Shares of NatWest Group plc $NWG

GC Wealth Management RIA LLC raised its holdings in shares of NatWest Group plc (NYSE:NWG) by 135.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,856 shares of the company’s stock after acquiring an additional 35,543 shares during the quarter. GC Wealth Management RIA LLC’s holdings in NatWest Group were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in NatWest Group by 427.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after purchasing an additional 1,484 shares during the period. American National Bank & Trust bought a new stake in NatWest Group during the fourth quarter valued at about $31,000. Rachor Investment Advisory Services LLC purchased a new stake in NatWest Group in the fourth quarter worth about $34,000. Caitong International Asset Management Co. Ltd raised its stake in shares of NatWest Group by 173.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after buying an additional 1,394 shares during the period. Finally, Allworth Financial LP raised its stake in shares of NatWest Group by 186.8% in the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock worth $39,000 after buying an additional 1,784 shares during the period. Institutional investors own 1.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NWG. Zacks Research downgraded NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Berenberg Bank began coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating on the stock. Weiss Ratings downgraded shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

NatWest Group Price Performance

Shares of NatWest Group stock opened at $17.96 on Friday. The company has a market capitalization of $71.59 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.93 and a beta of 0.92. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $16.89 and its 200-day simple moving average is $16.54. NatWest Group plc has a 52 week low of $13.49 and a 52 week high of $19.35.

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, topping the consensus estimate of $0.44 by $0.04. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. As a group, analysts expect that NatWest Group plc will post 1.94 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.