NatWest Group plc $NWG Shares Acquired by Entropy Technologies LP

Entropy Technologies LP boosted its position in shares of NatWest Group plc (NYSE:NWG) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,727 shares of the company’s stock after buying an additional 5,053 shares during the period. Entropy Technologies LP’s holdings in NatWest Group were worth $1,892,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Natixis Advisors LLC raised its holdings in NatWest Group by 11.8% in the 1st quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company’s stock valued at $148,162,000 after acquiring an additional 1,311,476 shares during the last quarter. Goldman Sachs Group Inc. raised its position in NatWest Group by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after purchasing an additional 455,538 shares during the period. Northern Trust Corp raised its holdings in shares of NatWest Group by 11.0% in the 1st quarter. Northern Trust Corp now owns 3,599,561 shares of the company’s stock valued at $42,907,000 after buying an additional 356,483 shares during the period. Envestnet Asset Management Inc. increased its stake in NatWest Group by 20.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,304,281 shares of the company’s stock worth $46,756,000 after purchasing an additional 559,731 shares during the period. Finally, Raymond James Financial Inc. increased its stake in NatWest Group by 20.3% during the 1st quarter. Raymond James Financial Inc. now owns 3,233,255 shares of the company’s stock worth $38,540,000 after buying an additional 545,017 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

NatWest Group Stock Up 2.6%

NatWest Group stock opened at $15.24 on Friday. The firm has a market capitalization of $61.16 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.12. NatWest Group plc has a fifty-two week low of $9.16 and a fifty-two week high of $16.52. The stock’s fifty day moving average is $14.90 and its two-hundred day moving average is $14.32. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, October 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.63 billion. Analysts predict 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.