NatWest Group plc $NWG Holdings Boosted by Hantz Financial Services Inc.

Hantz Financial Services Inc. boosted its holdings in NatWest Group plc (NYSE:NWG) by 88.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,197 shares of the company’s stock after acquiring an additional 44,549 shares during the period. Hantz Financial Services Inc.’s holdings in NatWest Group were worth $1,666,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in NatWest Group by 427.7% in the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after acquiring an additional 1,484 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of NatWest Group by 88.7% during the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock valued at $29,000 after buying an additional 972 shares during the last quarter. American National Bank & Trust bought a new stake in shares of NatWest Group during the fourth quarter valued at approximately $31,000. Rachor Investment Advisory Services LLC bought a new stake in shares of NatWest Group during the fourth quarter valued at approximately $34,000. Finally, Allworth Financial LP raised its holdings in shares of NatWest Group by 186.8% during the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock valued at $39,000 after buying an additional 1,784 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

Analysts Set New Price Targets

NWG has been the topic of a number of recent analyst reports. Wall Street Zen raised NatWest Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Keefe, Bruyette & Woods cut NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Weiss Ratings cut NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

NatWest Group Trading Down 0.2%

NatWest Group stock opened at $16.12 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $64.24 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. NatWest Group plc has a 1 year low of $12.91 and a 1 year high of $19.35. The firm’s 50 day moving average price is $15.56 and its two-hundred day moving average price is $16.39.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.80 billion. On average, research analysts predict that NatWest Group plc will post 1.97 EPS for the current fiscal year.

About NatWest Group

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.