Envestnet Portfolio Solutions Inc. Lowers Stock Holdings in NatWest Group plc (NYSE:NWG)

Envestnet Portfolio Solutions Inc. reduced its position in NatWest Group plc (NYSE:NWG) by 27.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 52,272 shares of the company’s stock after selling 19,720 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in NatWest Group were worth $623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NWG. Truist Financial Corp grew its stake in NatWest Group by 31.5% in the 4th quarter. Truist Financial Corp now owns 29,769 shares of the company’s stock worth $303,000 after acquiring an additional 7,136 shares during the period. New York State Common Retirement Fund purchased a new stake in NatWest Group in the 4th quarter worth approximately $216,000. Private Advisor Group LLC boosted its holdings in shares of NatWest Group by 8.0% in the 4th quarter. Private Advisor Group LLC now owns 57,113 shares of the company’s stock valued at $581,000 after purchasing an additional 4,244 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of NatWest Group by 161.4% in 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 last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of NatWest Group in the 4th quarter valued at $630,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Stock Up 0.3%

Shares of NWG opened at $13.88 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The firm has a market cap of $55.88 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.82 and a beta of 1.04. The company’s fifty day moving average is $13.62 and its two-hundred day moving average is $11.95. NatWest Group plc has a fifty-two week low of $7.99 and a fifty-two week high of $14.55.

NatWest Group (NYSE:NWG) last posted its 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 business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. Analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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