Assetmark Inc. Increases Position in NatWest Group plc (NYSE:NWG)

Assetmark Inc. increased its stake in shares of NatWest Group plc (NYSE:NWG) by 81.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,112 shares of the company’s stock after buying an additional 50,419 shares during the period. Assetmark Inc.’s holdings in NatWest Group were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC grew its holdings in shares of NatWest Group by 285.3% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock worth $26,000 after acquiring an additional 2,083 shares during the period. SageView Advisory Group LLC acquired a new stake in NatWest Group in the first quarter valued at $27,000. EverSource Wealth Advisors LLC increased its position in shares of NatWest Group by 45.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after buying an additional 1,259 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of NatWest Group by 134.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after buying an additional 1,980 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of NatWest Group by 65.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after buying an additional 1,810 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NWG has been the subject of several recent research reports. Kepler Capital Markets assumed coverage on shares of NatWest Group in a report on Thursday, September 5th. They set a “buy” rating for the company. The Goldman Sachs Group began coverage on shares of NatWest Group in a research note on Friday, October 4th. They set a “buy” rating for the company. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Finally, UBS Group upgraded NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

NatWest Group Price Performance

Shares of NYSE NWG opened at $9.96 on Friday. The firm’s 50 day moving average price is $9.37 and its 200 day moving average price is $8.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $41.36 billion, a P/E ratio of 7.55 and a beta of 1.32. NatWest Group plc has a 1 year low of $4.98 and a 1 year high of $10.31.

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.