Entropy Technologies LP Buys 33,930 Shares of NatWest Group plc $NWG

Entropy Technologies LP boosted its stake in shares of NatWest Group plc (NYSE:NWG) by 39.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,979 shares of the company’s stock after buying an additional 33,930 shares during the quarter. Entropy Technologies LP’s holdings in NatWest Group were worth $1,803,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. American National Bank & Trust purchased a new stake in NatWest Group in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC lifted its stake in NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after acquiring an additional 1,484 shares during the period. Rachor Investment Advisory Services LLC acquired a new stake in NatWest Group during the 4th quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of NatWest Group by 173.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock valued at $38,000 after acquiring an additional 1,394 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of NatWest Group by 101.7% in the 4th quarter. IFP Advisors Inc now owns 2,259 shares of the company’s stock valued at $40,000 after acquiring an additional 1,139 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NWG shares. Weiss Ratings cut shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Friday, July 17th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Berenberg Bank initiated coverage on NatWest Group in a report on Wednesday, June 24th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NatWest Group currently has a consensus rating of “Moderate Buy”.

NatWest Group Price Performance

NYSE:NWG opened at $17.96 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50 day moving average price of $16.89 and a 200-day moving average price of $16.53. NatWest Group plc has a 1-year low of $13.49 and a 1-year high of $19.35. The firm has a market cap of $71.59 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. Equities research analysts forecast that NatWest Group plc will post 1.94 EPS for the current year.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.