Ballentine Partners LLC Acquires 5,601 Shares of NatWest Group plc (NYSE:NWG)

Ballentine Partners LLC increased its position in NatWest Group plc (NYSE:NWG) by 17.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,412 shares of the company’s stock after buying an additional 5,601 shares during the quarter. Ballentine Partners LLC’s holdings in NatWest Group were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NWG. Natixis Advisors LLC increased its stake in shares of NatWest Group by 28.4% in the second quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after buying an additional 2,139,290 shares during the period. Raymond James & Associates increased its stake in shares of NatWest Group by 46.8% in the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock worth $19,290,000 after buying an additional 765,671 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of NatWest Group by 55.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after buying an additional 627,097 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of NatWest Group by 18.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,398,671 shares of the company’s stock worth $16,311,000 after buying an additional 370,200 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of NatWest Group by 49.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 993,364 shares of the company’s stock worth $6,755,000 after buying an additional 328,518 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NWG has been the topic of several analyst reports. Kepler Capital Markets started coverage on shares of NatWest Group in a research note on Thursday, September 5th. They issued a “buy” rating on the stock. Jefferies Financial Group raised shares of NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. UBS Group raised shares of NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group started coverage on shares of NatWest Group in a research report on Friday, October 4th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

NatWest Group Stock Up 2.5 %

NYSE:NWG opened at $9.73 on Tuesday. The firm’s 50-day moving average price is $9.18 and its 200-day moving average price is $8.56. The company has a market capitalization of $40.40 billion, a PE ratio of 7.37 and a beta of 1.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.08. NatWest Group plc has a 1-year low of $4.30 and a 1-year high of $9.83.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, July 26th. The company reported $0.35 earnings per share for the quarter. The business had revenue of $4.62 billion during the quarter. On average, equities analysts predict that NatWest Group plc will post 1.23 EPS for the current fiscal 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.