Keybank National Association OH Purchases 29,159 Shares of NatWest Group plc $NWG

Keybank National Association OH increased its holdings in shares of NatWest Group plc (NYSE:NWG) by 165.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,823 shares of the company’s stock after buying an additional 29,159 shares during the quarter. Keybank National Association OH’s holdings in NatWest Group were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NWG. AQR Capital Management LLC increased its holdings in shares of NatWest Group by 47.0% in the first quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock worth $3,357,000 after acquiring an additional 90,057 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of NatWest Group by 14,445.1% during the 1st quarter. NewEdge Advisors LLC now owns 14,836 shares of the company’s stock valued at $177,000 after purchasing an additional 14,734 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of NatWest Group by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after purchasing an additional 455,538 shares during the period. Jane Street Group LLC acquired a new position in shares of NatWest Group in the 1st quarter valued at approximately $2,282,000. Finally, Focus Partners Wealth increased its stake in NatWest Group by 70.6% during the 1st quarter. Focus Partners Wealth now owns 24,251 shares of the company’s stock worth $290,000 after purchasing an additional 10,034 shares in the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Price Performance

NYSE:NWG opened at $17.52 on Thursday. NatWest Group plc has a 52-week low of $13.16 and a 52-week high of $19.35. The company has a market cap of $69.85 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.96 and a beta of 0.92. 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 stock’s 50-day simple moving average is $16.31 and its 200 day simple moving average is $16.51.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations 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 forecast that NatWest Group plc will post 1.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen lowered shares of NatWest Group from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Berenberg Bank started coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They issued a “buy” rating for the company. 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. Based on data from MarketBeat.com, the stock currently has a consensus 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.