Allspring Global Investments Holdings LLC Raises Holdings in NatWest Group plc (NYSE:NWG)

Allspring Global Investments Holdings LLC boosted its stake in NatWest Group plc (NYSE:NWG) by 70.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,619 shares of the company’s stock after buying an additional 8,923 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NatWest Group were worth $202,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NWG. Bruce G. Allen Investments LLC lifted its position 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 valued at $26,000 after acquiring an additional 2,083 shares in the last quarter. SageView Advisory Group LLC acquired a new position in NatWest Group in the 1st quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its holdings in NatWest Group by 45.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after purchasing an additional 1,259 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of NatWest Group by 134.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after purchasing an additional 1,980 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of NatWest Group by 65.7% during the second quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after buying an additional 1,810 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Stock Up 2.1 %

Shares of NYSE NWG opened at $9.76 on Monday. The stock has a market capitalization of $40.53 billion, a PE ratio of 7.39 and a beta of 1.32. The company has a quick ratio of 1.08, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $9.22 and a 200-day moving average of $8.64. NatWest Group plc has a 52-week low of $4.45 and a 52-week high of $9.87.

Analysts Set New Price Targets

Several brokerages recently issued reports on NWG. Jefferies Financial Group raised shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. UBS Group upgraded NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on NatWest Group in a research note on Friday, October 4th. They issued a “buy” rating for the company. Finally, Kepler Capital Markets began coverage on NatWest Group in a research note on Thursday, September 5th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

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.