Wipfli Financial Advisors LLC purchased a new stake in shares of NatWest Group plc (NYSE:NWG – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,282 shares of the company’s stock, valued at approximately $31,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ronald Blue Trust Inc. lifted its holdings in shares of NatWest Group by 505.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 7,124 shares of the company’s stock valued at $39,000 after buying an additional 5,947 shares during the period. Captrust Financial Advisors lifted its holdings in shares of NatWest Group by 225.5% during the 2nd quarter. Captrust Financial Advisors now owns 9,675 shares of the company’s stock valued at $53,000 after buying an additional 6,703 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of NatWest Group during the 3rd quarter valued at $59,000. JPMorgan Chase & Co. raised its holdings in NatWest Group by 93.9% in the 1st quarter. JPMorgan Chase & Co. now owns 10,469 shares of the company’s stock worth $59,000 after purchasing an additional 5,071 shares during the period. Finally, LPL Financial LLC bought a new position in NatWest Group in the 2nd quarter worth $60,000. 0.88% of the stock is owned by institutional investors.
Analyst Ratings Changes
NWG has been the topic of a number of recent research reports. BNP Paribas cut NatWest Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 14th. Royal Bank of Canada cut NatWest Group from an “outperform” rating to a “sector perform” rating in a report on Friday, November 25th. Keefe, Bruyette & Woods cut NatWest Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 19th. Barclays decreased their target price on NatWest Group from GBX 400 ($4.88) to GBX 370 ($4.51) in a report on Thursday, October 20th. Finally, Berenberg Bank raised their price target on NatWest Group from GBX 350 ($4.27) to GBX 380 ($4.64) in a report on Tuesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $341.96.
NatWest Group Trading Down 0.9 %
NatWest Group (NYSE:NWG – Get Rating) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.55 billion. NatWest Group had a net margin of 18.05% and a return on equity of 6.75%. Equities research analysts anticipate that NatWest Group plc will post 0.92 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, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.
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