First Affirmative Financial Network Acquires 2,020 Shares of NatWest Group plc (NYSE:NWG)

First Affirmative Financial Network boosted its holdings in shares of NatWest Group plc (NYSE:NWG) by 16.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,453 shares of the company’s stock after purchasing an additional 2,020 shares during the period. First Affirmative Financial Network’s holdings in NatWest Group were worth $172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OneAscent Financial Services LLC lifted its position in shares of NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company’s stock worth $124,000 after buying an additional 926 shares during the period. Gallacher Capital Management LLC raised its stake in NatWest Group by 2.3% during the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company’s stock worth $497,000 after acquiring an additional 1,093 shares in the last quarter. Pitcairn Co. lifted its holdings in shares of NatWest Group by 7.4% during the fourth quarter. Pitcairn Co. now owns 17,223 shares of the company’s stock valued at $175,000 after acquiring an additional 1,193 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of NatWest Group by 4.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 35,871 shares of the company’s stock valued at $365,000 after acquiring an additional 1,473 shares during the period. Finally, Schechter Investment Advisors LLC boosted its stake in shares of NatWest Group by 14.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 13,292 shares of the company’s stock valued at $135,000 after purchasing an additional 1,717 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NatWest Group Price Performance

Shares of NWG stock opened at $14.42 on Friday. NatWest Group plc has a 1 year low of $7.80 and a 1 year high of $14.55. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $12.93 and its 200-day moving average is $11.59. The firm has a market capitalization of $58.07 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.85 and a beta of 1.01.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) 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 analyst estimates of $3.80 billion. Sell-side analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Company 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.