Ameriprise Financial Inc. Sells 118,249 Shares of NatWest Group plc (NYSE:NWG)

Ameriprise Financial Inc. decreased its holdings in shares of NatWest Group plc (NYSE:NWG) by 68.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,730 shares of the company’s stock after selling 118,249 shares during the quarter. Ameriprise Financial Inc.’s holdings in NatWest Group were worth $557,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NWG. Whipplewood Advisors LLC bought a new stake in NatWest Group during the 4th quarter valued at approximately $27,000. First Horizon Advisors Inc. boosted its stake in NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after purchasing an additional 1,787 shares during the period. Whittier Trust Co. bought a new stake in NatWest Group during the 4th quarter valued at approximately $42,000. Apollon Wealth Management LLC bought a new stake in NatWest Group during the 4th quarter valued at approximately $108,000. Finally, Kingsview Wealth Management LLC bought a new stake in NatWest Group during the 4th quarter valued at approximately $116,000. Institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

Shares of NWG stock opened at $14.50 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $58.39 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.85 and a beta of 1.01. NatWest Group plc has a 12 month low of $7.80 and a 12 month high of $14.54. The stock has a 50 day moving average of $12.78 and a two-hundred day moving average of $11.51.

NatWest Group (NYSE:NWG) last posted its earnings results on Friday, May 2nd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $3.80 billion. As a group, equities analysts expect that NatWest Group plc will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NWG shares. Peel Hunt downgraded NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 6th. Citigroup reiterated a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th. Finally, BNP Paribas downgraded NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.