Cerity Partners LLC Increases Stake in NatWest Group plc (NYSE:NWG)

Cerity Partners LLC lifted its holdings in NatWest Group plc (NYSE:NWG) by 91.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 219,648 shares of the company’s stock after purchasing an additional 104,886 shares during the quarter. Cerity Partners LLC’s holdings in NatWest Group were worth $2,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NWG. Bessemer Group Inc. boosted its stake in shares of NatWest Group by 374.5% during the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock valued at $25,000 after purchasing an additional 1,659 shares during the period. Pinnacle Bancorp Inc. bought a new position in NatWest Group in the first quarter worth about $30,000. Wayfinding Financial LLC bought a new position in NatWest Group in the first quarter worth about $39,000. Whittier Trust Co. acquired a new position in shares of NatWest Group during the fourth quarter valued at about $42,000. Finally, Lazard Asset Management LLC acquired a new position in shares of NatWest Group during the fourth quarter valued at about $44,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citigroup reiterated a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th. One equities 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. According to MarketBeat.com, the company has a consensus rating of “Buy”.

NatWest Group Stock Down 0.5%

Shares of NWG opened at $13.34 on Friday. NatWest Group plc has a 52-week low of $8.08 and a 52-week high of $14.55. The company has a market capitalization of $53.98 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.01. The stock has a fifty day simple moving average of $13.83 and a two-hundred day simple moving average of $12.32. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, May 2nd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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. As a group, equities analysts forecast that NatWest Group plc will post 1.35 EPS 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.