HRT Financial LP acquired a new position in shares of NatWest Group plc (NYSE:NWG – Get Rating) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 116,008 shares of the company’s stock, valued at approximately $749,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Commerce Bank acquired a new stake in NatWest Group during the 4th quarter worth approximately $81,000. Dimensional Fund Advisors LP raised its stake in shares of NatWest Group by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,157,072 shares of the company’s stock worth $26,855,000 after buying an additional 305,673 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of NatWest Group by 4.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 50,045 shares of the company’s stock worth $323,000 after buying an additional 2,074 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of NatWest Group by 15.0% during the 4th quarter. HighTower Advisors LLC now owns 12,975 shares of the company’s stock worth $83,000 after buying an additional 1,696 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of NatWest Group by 37.3% during the 4th quarter. Raymond James & Associates now owns 1,278,592 shares of the company’s stock worth $8,260,000 after buying an additional 347,451 shares in the last quarter. 0.88% of the stock is owned by institutional investors and hedge funds.
NatWest Group Stock Performance
NYSE NWG opened at $6.67 on Friday. NatWest Group plc has a 1-year low of $4.70 and a 1-year high of $7.80. The company has a market capitalization of $31.76 billion, a P/E ratio of 7.10, a PEG ratio of 0.31 and a beta of 1.28. The business has a 50 day moving average price of $6.68 and a 200 day moving average price of $6.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 1.09.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on NatWest Group from GBX 310 ($3.83) to GBX 330 ($4.08) in a research note on Tuesday, February 21st. Credit Suisse Group cut their target price on NatWest Group from GBX 390 ($4.82) to GBX 380 ($4.70) in a research note on Tuesday, February 21st. Finally, Barclays downgraded NatWest Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $363.08.
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, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.
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