Hennion & Walsh Asset Management Inc. Purchases Shares of 45,485 NatWest Group plc (NYSE:NWG)

Hennion & Walsh Asset Management Inc. acquired a new position in shares of NatWest Group plc (NYSE:NWG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 45,485 shares of the company’s stock, valued at approximately $426,000.

A number of other large investors have also made changes to their positions in NWG. PNC Financial Services Group Inc. increased its stake in NatWest Group by 19.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 55,266 shares of the company’s stock valued at $311,000 after acquiring an additional 9,106 shares during the period. Park Avenue Securities LLC grew its holdings in shares of NatWest Group by 39.2% during the 1st quarter. Park Avenue Securities LLC now owns 17,995 shares of the company’s stock worth $122,000 after purchasing an additional 5,071 shares in the last quarter. Vicus Capital bought a new stake in shares of NatWest Group during the first quarter valued at approximately $75,000. Allspring Global Investments Holdings LLC acquired a new position in shares of NatWest Group in the first quarter valued at $44,000. Finally, First Trust Direct Indexing L.P. lifted its position in NatWest Group by 4.9% in the first quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock worth $218,000 after purchasing an additional 1,501 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NWG. UBS Group raised shares of NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Jefferies Financial Group raised shares of NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Kepler Capital Markets assumed coverage on NatWest Group in a report on Thursday, September 5th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on NatWest Group in a report on Friday, October 4th. They issued a “buy” rating for the company. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NatWest Group currently has a consensus rating of “Buy”.

NatWest Group Trading Up 2.5 %

Shares of NatWest Group stock opened at $9.73 on Tuesday. NatWest Group plc has a 12-month low of $4.30 and a 12-month high of $9.83. The stock has a market capitalization of $40.40 billion, a P/E ratio of 7.37 and a beta of 1.33. The company has a 50-day simple moving average of $9.18 and a 200 day simple moving average of $8.56. The company has a quick ratio of 1.08, a current ratio of 1.07 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $4.62 billion for the quarter. Research analysts expect that NatWest Group plc will post 1.23 earnings per share for the current fiscal year.

About NatWest Group

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.