Ritholtz Wealth Management raised its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 56.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,513 shares of the company's stock after acquiring an additional 73,934 shares during the period. Ritholtz Wealth Management's holdings in NatWest Group were worth $2,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rhumbline Advisers increased its holdings in shares of NatWest Group by 31.8% in the 2nd quarter. Rhumbline Advisers now owns 22,664 shares of the company's stock worth $182,000 after buying an additional 5,472 shares during the last quarter. American Century Companies Inc. raised its position in NatWest Group by 15.6% during the second quarter. American Century Companies Inc. now owns 1,021,341 shares of the company's stock valued at $8,201,000 after purchasing an additional 138,206 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of NatWest Group by 55.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company's stock valued at $14,127,000 after purchasing an additional 627,097 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of NatWest Group by 16.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 881,133 shares of the company's stock worth $7,075,000 after purchasing an additional 125,607 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in NatWest Group by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company's stock valued at $56,615,000 after buying an additional 205,439 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.
Shares of NatWest Group stock traded up $0.08 on Friday, hitting $10.21. 3,090,739 shares of the company traded hands, compared to its average volume of 1,685,754. NatWest Group plc has a 52 week low of $5.16 and a 52 week high of $10.75. The company has a market cap of $41.04 billion, a PE ratio of 7.73, a PEG ratio of 0.67 and a beta of 1.31. The stock's 50 day moving average price is $10.14 and its 200-day moving average price is $9.46. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.
NWG has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of NatWest Group from an "underperform" rating to a "buy" rating in a research note on Tuesday, October 15th. The Goldman Sachs Group started coverage on NatWest Group in a research report on Friday, October 4th. They set a "buy" rating for the company. Finally, Keefe, Bruyette & Woods upgraded NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Monday, November 4th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NatWest Group presently has a consensus rating of "Buy".
Read Our Latest Report on NWG
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.
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