Benjamin Edwards Inc. Acquires New Position in NatWest Group plc (NYSE:NWG)

Benjamin Edwards Inc. acquired a new stake in shares of NatWest Group plc (NYSE:NWG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 20,975 shares of the company’s stock, valued at approximately $196,000.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in NatWest Group during the 3rd quarter valued at about $572,000. XTX Topco Ltd purchased a new stake in NatWest Group during the 2nd quarter valued at about $597,000. US Bancorp DE grew its stake in NatWest Group by 352.4% during the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company’s stock valued at $5,311,000 after acquiring an additional 442,002 shares in the last quarter. QRG Capital Management Inc. grew its stake in NatWest Group by 78.8% during the 3rd quarter. QRG Capital Management Inc. now owns 329,582 shares of the company’s stock valued at $3,085,000 after acquiring an additional 145,295 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in NatWest Group during the 2nd quarter valued at about $1,606,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

Shares of NWG stock opened at $10.48 on Wednesday. The firm’s 50 day moving average price is $9.79 and its 200-day moving average price is $9.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group plc has a one year low of $5.16 and a one year high of $10.75. The firm has a market cap of $43.52 billion, a P/E ratio of 7.94 and a beta of 1.32.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Kepler Capital Markets assumed coverage on shares of NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating on the stock. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group assumed coverage on shares of NatWest Group in a report on Friday, October 4th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

NatWest Group 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.