Verition Fund Management LLC Makes New Investment in NatWest Group plc (NYSE:NWG)

Verition Fund Management LLC bought a new position in NatWest Group plc (NYSE:NWG) in the 3rd quarter, Holdings Channel.com reports. The fund bought 72,000 shares of the company’s stock, valued at approximately $674,000.

Other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in shares of NatWest Group by 121.3% in the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after buying an additional 1,499 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in shares of NatWest Group by 285.3% in the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock worth $26,000 after buying an additional 2,083 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of NatWest Group by 134.5% in the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after buying an additional 1,980 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of NatWest Group by 45.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $32,000 after buying an additional 1,259 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of NatWest Group by 61.9% in the third quarter. GAMMA Investing LLC now owns 7,391 shares of the company’s stock worth $69,000 after buying an additional 2,825 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NWG has been the subject of a number of analyst reports. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Kepler Capital Markets initiated coverage on shares of NatWest Group in a research note on Thursday, September 5th. They set a “buy” rating for the company. The Goldman Sachs Group initiated coverage on shares of NatWest Group in a research note on Friday, October 4th. They set a “buy” rating for the company. Finally, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

NatWest Group Price Performance

NYSE:NWG opened at $10.48 on Wednesday. The stock has a market cap of $43.52 billion, a P/E ratio of 7.94 and a beta of 1.32. NatWest Group plc has a one year low of $5.16 and a one year high of $10.75. The company has a fifty day moving average price of $9.79 and a 200 day moving average price of $9.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06.

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.