Oppenheimer Asset Management Inc. Sells 51,624 Shares of NatWest Group plc (NYSE:NWG)

Oppenheimer Asset Management Inc. cut its holdings in NatWest Group plc (NYSE:NWG) by 44.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,713 shares of the company’s stock after selling 51,624 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in NatWest Group were worth $615,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MQS Management LLC acquired a new stake in NatWest Group in the 3rd quarter worth approximately $121,000. Venturi Wealth Management LLC boosted its holdings in NatWest Group by 8.0% during the third quarter. Venturi Wealth Management LLC now owns 83,942 shares of the company’s stock worth $786,000 after buying an additional 6,229 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in NatWest Group by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,674,253 shares of the company’s stock worth $15,671,000 after purchasing an additional 6,387 shares during the period. Assetmark Inc. increased its holdings in NatWest Group by 81.7% in the 3rd quarter. Assetmark Inc. now owns 112,112 shares of the company’s stock worth $1,049,000 after acquiring an additional 50,419 shares in the last quarter. Finally, Seascape Capital Management lifted its stake in NatWest Group by 2.9% in the 3rd quarter. Seascape Capital Management now owns 308,702 shares of the company’s stock valued at $2,889,000 after buying an additional 8,767 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

Analysts Set New Price Targets

NWG has been the topic of a number of recent research reports. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. UBS Group raised shares of NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. Kepler Capital Markets assumed coverage on NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group started coverage on NatWest Group in a research note on Friday, October 4th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, NatWest Group currently has a consensus rating of “Buy”.

NatWest Group Stock Performance

NYSE:NWG opened at $10.05 on Wednesday. The firm has a market capitalization of $41.71 billion, a price-to-earnings ratio of 7.61 and a beta of 1.32. NatWest Group plc has a twelve month low of $5.10 and a twelve month high of $10.31. The firm’s fifty day simple moving average is $9.47 and its 200 day simple moving average is $8.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

About NatWest Group

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.