Wealth Alliance LLC Raises Stake in NatWest Group plc $NWG

Wealth Alliance LLC grew its holdings in NatWest Group plc (NYSE:NWG) by 64.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,233 shares of the company’s stock after acquiring an additional 13,046 shares during the period. Wealth Alliance LLC’s holdings in NatWest Group were worth $470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners grew its stake in shares of NatWest Group by 1.5% during the 2nd quarter. Boston Partners now owns 460,085 shares of the company’s stock worth $6,507,000 after purchasing an additional 7,007 shares during the period. Vise Technologies Inc. purchased a new stake in shares of NatWest Group during the second quarter worth approximately $652,000. Midwest Trust Co acquired a new stake in shares of NatWest Group in the second quarter valued at about $381,000. Campbell & CO Investment Adviser LLC acquired a new stake in NatWest Group in the 2nd quarter valued at about $2,230,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of NatWest Group in the second quarter valued at approximately $308,000. 1.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NWG shares. Zacks Research raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. 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 lowered NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Wednesday, October 8th. 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’s stock. Based on data from MarketBeat.com, NatWest Group currently has an average rating of “Hold”.

NatWest Group Stock Down 1.2%

NWG stock opened at $16.23 on Friday. The company’s 50 day moving average is $14.76 and its two-hundred day moving average is $14.22. NatWest Group plc has a twelve month low of $9.16 and a twelve month high of $16.52. 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 stock has a market cap of $65.24 billion, a P/E ratio of 9.43, a PEG ratio of 0.66 and a beta of 1.12.

NatWest Group (NYSE:NWG) last announced its quarterly 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. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. The firm had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Research analysts expect 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.