Wealth Alliance LLC Grows Holdings in NatWest Group plc $NWG

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

A number of other institutional investors also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in NatWest Group by 1,102.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company’s stock valued at $7,161,000 after acquiring an additional 550,764 shares during the last quarter. Graham Capital Management L.P. acquired a new position in shares of NatWest Group in the first quarter valued at approximately $1,053,000. HighTower Advisors LLC increased its holdings in shares of NatWest Group by 25.1% in the first quarter. HighTower Advisors LLC now owns 234,275 shares of the company’s stock valued at $2,793,000 after purchasing an additional 47,058 shares during the period. Raymond James Financial Inc. raised its stake in shares of NatWest Group by 20.3% during the first quarter. Raymond James Financial Inc. now owns 3,233,255 shares of the company’s stock worth $38,540,000 after purchasing an additional 545,017 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of NatWest Group by 9.2% during the second quarter. QRG Capital Management Inc. now owns 701,106 shares of the company’s stock worth $9,921,000 after purchasing an additional 59,121 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NWG has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research note on Wednesday, October 8th. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. BNP Paribas cut NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Finally, Zacks Research raised NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

NatWest Group Stock Performance

NYSE NWG opened at $16.23 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group plc has a fifty-two week low of $9.16 and a fifty-two week high of $16.52. The business has a fifty day moving average of $14.76 and a 200-day moving average of $14.22. The stock has a market cap of $65.24 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.66 and a beta of 1.12.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, October 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. NatWest Group had a return on equity of 12.77% and a net margin of 18.18%.The firm had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.63 billion. As a group, analysts predict 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.