Teachers Retirement System of The State of Kentucky Has $37.10 Million Position in NatWest Group plc $NWG

Teachers Retirement System of The State of Kentucky lowered its stake in shares of NatWest Group plc (NYSE:NWG) by 11.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,490,080 shares of the company’s stock after selling 319,511 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NatWest Group were worth $37,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NWG. Wealthstar Advisors LLC raised its position in shares of NatWest Group by 1.5% in the fourth quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company’s stock valued at $710,000 after purchasing an additional 595 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of NatWest Group by 17.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,667 shares of the company’s stock worth $82,000 after buying an additional 695 shares during the period. Evergreen Capital Management LLC grew its stake in NatWest Group by 2.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock valued at $414,000 after buying an additional 697 shares during the last quarter. Vise Technologies Inc. grew its stake in NatWest Group by 1.6% in the 3rd quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock valued at $662,000 after buying an additional 733 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its holdings in NatWest Group by 5.6% in the 4th quarter. Perigon Wealth Management LLC now owns 15,342 shares of the company’s stock worth $268,000 after acquiring an additional 812 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

NWG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Wall Street Zen lowered NatWest Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Berenberg Bank started coverage on NatWest Group in a research report on Wednesday, June 24th. They set a “buy” rating for the company. Zacks Research downgraded NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

NatWest Group Price Performance

Shares of NWG stock opened at $17.77 on Monday. NatWest Group plc has a 12 month low of $13.16 and a 12 month high of $19.35. The company has a market capitalization of $70.87 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.91 and a beta of 0.92. The stock has a 50 day moving average of $16.40 and a two-hundred day moving average of $16.51. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. As a group, equities analysts expect that NatWest Group plc will post 1.95 EPS for the current 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.