Elevation Point Wealth Partners LLC Has $773,000 Stake in NatWest Group plc $NWG

Elevation Point Wealth Partners LLC grew its holdings in shares of NatWest Group plc (NYSE:NWG) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,642 shares of the company’s stock after purchasing an additional 3,108 shares during the period. Elevation Point Wealth Partners LLC’s holdings in NatWest Group were worth $773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dogwood Wealth Management LLC acquired a new stake in NatWest Group during the second quarter worth approximately $26,000. Zions Bancorporation National Association UT bought a new stake in shares of NatWest Group during the 1st quarter valued at $29,000. Geneos Wealth Management Inc. grew its holdings in shares of NatWest Group by 35.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock worth $55,000 after purchasing an additional 1,195 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of NatWest Group by 22.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock worth $57,000 after purchasing an additional 746 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of NatWest Group by 410.8% in the second quarter. MAI Capital Management now owns 4,403 shares of the company’s stock worth $62,000 after purchasing an additional 3,541 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NWG has been the subject of several recent analyst reports. BNP Paribas cut shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. BNP Paribas Exane downgraded shares of 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 report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report 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. According to MarketBeat, the stock presently has an average rating of “Hold”.

NatWest Group Trading Up 2.1%

Shares of NatWest Group stock opened at $16.73 on Friday. The firm’s 50 day moving average is $15.08 and its 200 day moving average is $14.43. The firm has a market capitalization of $67.13 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.66 and a beta of 1.12. NatWest Group plc has a 1 year low of $9.16 and a 1 year high of $16.82. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, October 24th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.63 billion. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. Equities research analysts forecast that NatWest Group plc will post 1.35 earnings per share 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.