National Asset Management Inc. acquired a new position in shares of NatWest Group plc (NYSE:NWG – Get Rating) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,327 shares of the company’s stock, valued at approximately $60,000.
Several other institutional investors and hedge funds have also made changes to their positions in NWG. Bank of America Corp DE lifted its stake in shares of NatWest Group by 948.5% during the fourth quarter. Bank of America Corp DE now owns 1,401,885 shares of the company’s stock worth $8,566,000 after buying an additional 1,268,177 shares during the period. Todd Asset Management LLC acquired a new position in NatWest Group during the fourth quarter valued at $3,232,000. Teachers Retirement System of The State of Kentucky purchased a new stake in NatWest Group in the fourth quarter valued at $3,232,000. Goldman Sachs Group Inc. grew its position in NatWest Group by 7.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,532,530 shares of the company’s stock worth $27,693,000 after purchasing an additional 295,503 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of NatWest Group by 129.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 513,656 shares of the company’s stock valued at $3,138,000 after buying an additional 289,707 shares during the last quarter. 0.59% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on NWG shares. HSBC upgraded NatWest Group from a “hold” rating to a “buy” rating in a research note on Friday, April 22nd. JPMorgan Chase & Co. upped their target price on NatWest Group from GBX 240 ($2.94) to GBX 250 ($3.06) in a research note on Thursday, May 5th. Deutsche Bank Aktiengesellschaft upped their target price on NatWest Group from GBX 315 ($3.86) to GBX 330 ($4.04) in a research note on Thursday, May 5th. Jefferies Financial Group upgraded NatWest Group from a “hold” rating to a “buy” rating in a research note on Wednesday, June 22nd. Finally, Barclays upped their price target on NatWest Group from GBX 320 ($3.92) to GBX 330 ($4.04) in a report on Wednesday, May 4th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $301.50.
NatWest Group Price Performance
NatWest Group (NYSE:NWG – Get Rating) last posted its quarterly earnings results on Friday, April 29th. The company reported $0.19 EPS for the quarter. NatWest Group had a return on equity of 7.26% and a net margin of 25.16%. The firm had revenue of $4.06 billion during the quarter. Equities research analysts expect that NatWest Group plc will post 0.56 EPS for the current fiscal year.
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, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.
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