Merit Financial Group LLC Acquires 5,670 Shares of NatWest Group plc (NYSE:NWG)

Merit Financial Group LLC lifted its position in NatWest Group plc (NYSE:NWG) by 33.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,744 shares of the company’s stock after buying an additional 5,670 shares during the period. Merit Financial Group LLC’s holdings in NatWest Group were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. OneAscent Financial Services LLC lifted its stake in shares of NatWest Group by 8.2% in the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company’s stock valued at $124,000 after purchasing an additional 926 shares during the period. Gallacher Capital Management LLC increased its position in NatWest Group by 2.3% during the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company’s stock worth $497,000 after purchasing an additional 1,093 shares during the last quarter. Pitcairn Co. boosted its stake in NatWest Group by 7.4% during the fourth quarter. Pitcairn Co. now owns 17,223 shares of the company’s stock worth $175,000 after buying an additional 1,193 shares during the period. Integrated Wealth Concepts LLC boosted its stake in NatWest Group by 4.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 35,871 shares of the company’s stock worth $365,000 after buying an additional 1,473 shares during the period. Finally, Schechter Investment Advisors LLC lifted its position in shares of NatWest Group by 14.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 13,292 shares of the company’s stock worth $135,000 after purchasing an additional 1,717 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on NWG. Peel Hunt cut shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. Finally, Citigroup reiterated a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th. One 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 stock. According to MarketBeat, the company has a consensus rating of “Buy”.

NatWest Group Trading Up 1.4%

NYSE NWG opened at $14.17 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. NatWest Group plc has a 12 month low of $7.81 and a 12 month high of $14.55. The company has a market cap of $57.07 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.85 and a beta of 1.04. The company has a 50-day moving average of $13.14 and a 200-day moving average of $11.70.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $3.80 billion. As a group, equities analysts predict that NatWest Group plc will post 1.35 earnings per share for the current 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, Private Banking, and Commercial & Institutional segments.