Fmr LLC Increases Stock Holdings in NatWest Group plc (NYSE:NWG)

Fmr LLC lifted its stake in NatWest Group plc (NYSE:NWG) by 57.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,988,329 shares of the company’s stock after purchasing an additional 721,578 shares during the quarter. Fmr LLC’s holdings in NatWest Group were worth $18,611,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Trust N.A. lifted its holdings in shares of NatWest Group by 3.0% in the 3rd quarter. Raymond James Trust N.A. now owns 35,878 shares of the company’s stock worth $336,000 after buying an additional 1,039 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of NatWest Group by 4.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,328 shares of the company’s stock worth $236,000 after acquiring an additional 1,230 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of NatWest Group by 45.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $32,000 after acquiring an additional 1,259 shares in the last quarter. Private Trust Co. NA raised its position in shares of NatWest Group by 121.3% in the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after acquiring an additional 1,499 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its position in NatWest Group by 134.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after buying an additional 1,980 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Kepler Capital Markets assumed coverage on NatWest Group in a research report on Thursday, September 5th. They set a “buy” rating on the stock. The Goldman Sachs Group assumed coverage on NatWest Group in a research report on Friday, October 4th. They set a “buy” rating on the stock. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

NatWest Group Stock Down 1.0 %

Shares of NWG opened at $10.48 on Wednesday. NatWest Group plc has a 52 week low of $5.16 and a 52 week high of $10.75. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $43.52 billion, a price-to-earnings ratio of 7.98 and a beta of 1.32. The stock’s 50-day moving average price is $9.79 and its 200-day moving average price is $9.07.

NatWest Group Company 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.