Advisors Preferred LLC Buys New Position in NatWest Group plc $NWG

Advisors Preferred LLC acquired a new stake in shares of NatWest Group plc (NYSE:NWG) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 34,503 shares of the company’s stock, valued at approximately $514,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in shares of NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after acquiring an additional 1,484 shares during the period. American National Bank & Trust bought a new position in NatWest Group in the 4th quarter worth $31,000. Rachor Investment Advisory Services LLC purchased a new position in shares of NatWest Group in the fourth quarter valued at about $34,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of NatWest Group by 173.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock worth $38,000 after acquiring an additional 1,394 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of NatWest Group by 186.8% in the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock worth $39,000 after acquiring an additional 1,784 shares during the period. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NWG has been the topic of several recent analyst reports. BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Berenberg Bank began coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They issued a “buy” rating on the stock. Wall Street Zen downgraded shares of NatWest Group from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Weiss Ratings cut NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, NatWest Group presently has a consensus rating of “Moderate Buy”.

NatWest Group Price Performance

Shares of NWG stock opened at $17.93 on Thursday. The stock has a 50 day moving average price of $16.53 and a 200 day moving average price of $16.51. NatWest Group plc has a 52-week low of $13.19 and a 52-week high of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $71.46 billion, a P/E ratio of 9.53, a P/E/G ratio of 0.89 and a beta of 0.92.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. As a group, sell-side analysts predict that NatWest Group plc will post 1.94 earnings per share for the current year.

NatWest Group Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.