Prospera Financial Services Inc Purchases Shares of 21,745 NatWest Group plc $NWG

Prospera Financial Services Inc purchased a new stake in shares of NatWest Group plc (NYSE:NWG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,745 shares of the company’s stock, valued at approximately $308,000.

Other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in NatWest Group by 22.6% in the second quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock valued at $57,000 after purchasing an additional 746 shares during the period. Pacer Advisors Inc. grew its position in shares of NatWest Group by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 28,042 shares of the company’s stock valued at $334,000 after buying an additional 807 shares during the last quarter. Commerce Bank increased its stake in shares of NatWest Group by 5.2% in the first quarter. Commerce Bank now owns 16,511 shares of the company’s stock valued at $197,000 after buying an additional 818 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of NatWest Group by 1.5% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 58,549 shares of the company’s stock valued at $698,000 after buying an additional 850 shares during the period. Finally, GC Wealth Management RIA LLC raised its position in shares of NatWest Group by 5.3% during the second quarter. GC Wealth Management RIA LLC now owns 19,624 shares of the company’s stock worth $278,000 after acquiring an additional 988 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NWG has been the topic of several analyst reports. Zacks Research upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. BNP Paribas Exane cut shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Finally, BNP Paribas downgraded shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, NatWest Group has a consensus rating of “Hold”.

NatWest Group Price Performance

NatWest Group stock opened at $15.83 on Friday. The stock has a market capitalization of $63.50 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.66 and a beta of 1.12. NatWest Group plc has a 52-week low of $9.16 and a 52-week high of $16.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. The stock’s 50 day moving average price is $14.80 and its two-hundred day moving average price is $14.25.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, October 24th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. The company had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.63 billion. On average, equities analysts predict that NatWest Group plc will post 1.35 earnings per share for the current 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.