Allspring Global Investments Holdings LLC Acquires 1,781 Shares of NatWest Group plc (NYSE:NWG)

Allspring Global Investments Holdings LLC lifted its holdings in shares of NatWest Group plc (NYSE:NWG) by 7.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,816 shares of the company’s stock after acquiring an additional 1,781 shares during the period. Allspring Global Investments Holdings LLC’s holdings in NatWest Group were worth $314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of NatWest Group during the fourth quarter worth about $27,339,000. Schonfeld Strategic Advisors LLC increased its position in shares of NatWest Group by 153.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company’s stock worth $715,000 after acquiring an additional 42,567 shares in the last quarter. Natixis Advisors LLC increased its position in shares of NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock worth $113,072,000 after acquiring an additional 408,239 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of NatWest Group by 309.8% during the first quarter. Janney Montgomery Scott LLC now owns 101,675 shares of the company’s stock worth $1,212,000 after acquiring an additional 76,866 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of NatWest Group during the first quarter worth about $231,000. 1.27% of the stock is owned by institutional investors.

NatWest Group Stock Down 2.6%

NatWest Group stock opened at $13.27 on Friday. NatWest Group plc has a fifty-two week low of $8.08 and a fifty-two week high of $14.55. The stock has a market cap of $53.69 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 0.80 and a beta of 1.01. The firm’s 50-day simple moving average is $13.80 and its 200 day simple moving average is $12.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06.

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 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. Research analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup reissued a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.