Entropy Technologies LP Decreases Position in NatWest Group plc $NWG

Entropy Technologies LP lessened its holdings in NatWest Group plc (NYSE:NWG) by 27.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,049 shares of the company’s stock after selling 32,202 shares during the period. Entropy Technologies LP’s holdings in NatWest Group were worth $1,523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chase Investment Counsel Corp purchased a new position in NatWest Group in the 3rd quarter valued at approximately $3,579,000. Tudor Investment Corp ET AL purchased a new position in NatWest Group in the 3rd quarter valued at approximately $6,969,000. Natixis Advisors LLC boosted its position in NatWest Group by 7.1% in the 3rd quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock valued at $182,611,000 after buying an additional 851,997 shares during the period. Capital International Investors boosted its position in NatWest Group by 1.2% in the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock valued at $188,764,000 after buying an additional 156,832 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in NatWest Group by 10.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,784,004 shares of the company’s stock valued at $25,244,000 after buying an additional 162,313 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

Shares of NYSE:NWG opened at $16.47 on Tuesday. The company’s fifty day moving average price is $15.89 and its 200 day moving average price is $16.42. NatWest Group plc has a 12 month low of $12.91 and a 12 month high of $19.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $65.64 billion, a P/E ratio of 8.76, a P/E/G ratio of 0.88 and a beta of 0.93.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.80 billion. As a group, sell-side analysts predict that NatWest Group plc will post 1.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NWG shares. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Keefe, Bruyette & Woods cut shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings cut shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of NatWest Group from a “hold” rating to a “buy” rating in a report on Sunday. Finally, BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.