Fmr LLC Raises Stake in NatWest Group plc (NYSE:NWG)

Fmr LLC increased its stake in NatWest Group plc (NYSE:NWG) by 57.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,988,329 shares of the company’s stock after buying 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 quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA increased its position in shares of NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after buying an additional 1,499 shares during the period. Cerity Partners LLC increased its position in shares of NatWest Group by 72.6% during the third quarter. Cerity Partners LLC now owns 84,385 shares of the company’s stock valued at $790,000 after buying an additional 35,499 shares during the period. Raymond James Trust N.A. increased its position in shares of NatWest Group by 3.0% during the third quarter. Raymond James Trust N.A. now owns 35,878 shares of the company’s stock valued at $336,000 after buying an additional 1,039 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of NatWest Group by 22.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock valued at $2,299,000 after buying an additional 44,422 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of NatWest Group by 1.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 895,152 shares of the company’s stock valued at $8,379,000 after buying an additional 14,019 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on NWG shares. Kepler Capital Markets started coverage on shares of NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group started coverage on shares of NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

NatWest Group Price Performance

Shares of NYSE:NWG opened at $10.48 on Wednesday. NatWest Group plc has a 1-year low of $5.16 and a 1-year high of $10.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The business has a fifty day moving average price of $9.79 and a 200-day moving average price of $9.07. The company has a market capitalization of $43.52 billion, a PE ratio of 7.98 and a beta of 1.32.

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.