Creative Planning Increases Holdings in NatWest Group plc $NWG

Creative Planning boosted its stake in shares of NatWest Group plc (NYSE:NWG) by 13.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 220,942 shares of the company’s stock after buying an additional 26,715 shares during the period. Creative Planning’s holdings in NatWest Group were worth $3,126,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

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

NatWest Group Stock Performance

NYSE NWG opened at $15.24 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. The company has a market cap of $61.16 billion, a P/E ratio of 8.86, a P/E/G ratio of 0.66 and a beta of 1.12. The stock has a 50-day moving average of $14.90 and a two-hundred day moving average of $14.33. NatWest Group plc has a 1-year low of $9.16 and a 1-year high of $16.52.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, October 24th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. The business had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.63 billion. As a group, analysts anticipate that NatWest Group plc will post 1.35 EPS for the current 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.