NatWest Group plc (NYSE:NWG) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in shares of NatWest Group plc (NYSE:NWG) by 37.2% during the 1st quarter, Holdings Channel reports. The fund owned 641,985 shares of the company’s stock after purchasing an additional 174,151 shares during the period. QRG Capital Management Inc.’s holdings in NatWest Group were worth $7,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in NWG. Raymond James Financial Inc. bought a new stake in NatWest Group during the 4th quarter valued at $27,339,000. Northern Trust Corp raised its stake in NatWest Group by 45.6% during the 4th quarter. Northern Trust Corp now owns 3,243,078 shares of the company’s stock valued at $32,982,000 after acquiring an additional 1,014,926 shares in the last quarter. Bank of America Corp DE raised its stake in NatWest Group by 25.1% during the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company’s stock valued at $47,924,000 after acquiring an additional 944,464 shares in the last quarter. JPMorgan Chase & Co. raised its stake in NatWest Group by 1,506.7% during the 4th quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company’s stock valued at $7,630,000 after acquiring an additional 703,534 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in NatWest Group by 499.0% during the 4th quarter. Marshall Wace LLP now owns 812,933 shares of the company’s stock valued at $8,268,000 after acquiring an additional 677,222 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NWG. BNP Paribas downgraded NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. Citigroup reissued a “buy” rating on shares of NatWest Group in a research note on Monday, April 28th. Finally, Peel Hunt downgraded NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

NatWest Group Stock Down 1.6%

NWG opened at $14.02 on Wednesday. NatWest Group plc has a one year low of $7.97 and a one year high of $14.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average is $13.34 and its 200-day moving average is $11.79. The company has a market capitalization of $56.44 billion, a PE ratio of 9.41, a P/E/G ratio of 0.84 and a beta of 1.04.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. On average, equities analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal 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.