Wealth Enhancement Advisory Services LLC Sells 10,818 Shares of NatWest Group plc (NYSE:NWG)

Wealth Enhancement Advisory Services LLC trimmed its holdings in NatWest Group plc (NYSE:NWG) by 18.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 47,815 shares of the company’s stock after selling 10,818 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NatWest Group were worth $486,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC bought a new position in shares of NatWest Group during the 4th quarter valued at $27,000. First Horizon Advisors Inc. increased its position in NatWest Group by 161.4% during the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after acquiring an additional 1,787 shares during the last quarter. Whittier Trust Co. purchased a new stake in NatWest Group during the fourth quarter valued at $42,000. Lazard Asset Management LLC bought a new position in NatWest Group in the fourth quarter valued at about $44,000. Finally, Apollon Wealth Management LLC bought a new position in NatWest Group in the fourth quarter valued at about $108,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NWG shares. Peel Hunt downgraded NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. BNP Paribas downgraded shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a report on Monday, April 28th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

NatWest Group Price Performance

NYSE NWG opened at $14.17 on Friday. The business’s fifty day moving average is $13.14 and its 200 day moving average is $11.70. NatWest Group plc has a fifty-two week low of $7.81 and a fifty-two week high of $14.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $57.07 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.04.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The firm had revenue of $5.30 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Sell-side analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

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.