Quinn Opportunity Partners LLC Decreases Holdings in NatWest Group plc $NWG

Quinn Opportunity Partners LLC reduced its holdings in shares of NatWest Group plc (NYSE:NWG) by 51.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,308 shares of the company’s stock after selling 445,671 shares during the period. Quinn Opportunity Partners LLC’s holdings in NatWest Group were worth $5,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC purchased a new position in shares of NatWest Group in the second quarter worth $26,000. Zions Bancorporation National Association UT acquired a new position in shares of NatWest Group in the 1st quarter valued at $29,000. Geneos Wealth Management Inc. raised its stake in NatWest Group by 35.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock worth $55,000 after acquiring an additional 1,195 shares during the last quarter. First Horizon Advisors Inc. raised its stake in NatWest Group by 22.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock worth $57,000 after acquiring an additional 746 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in NatWest Group during the 1st quarter worth about $97,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NWG shares. Zacks Research upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. BNP Paribas cut NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Finally, BNP Paribas Exane downgraded NatWest Group from a “neutral” rating to an “underperform” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

NatWest Group Stock Performance

NWG opened at $16.25 on Wednesday. NatWest Group plc has a twelve month low of $9.16 and a twelve month high of $16.35. The firm has a market capitalization of $65.32 billion, a PE ratio of 9.44, a PEG ratio of 0.66 and a beta of 1.12. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $14.67 and its 200 day moving average price is $14.19.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, October 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The firm had revenue of $5.76 billion during 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%. As a group, sell-side analysts expect that NatWest Group plc will post 1.35 EPS 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.