Squarepoint Ops LLC cut its position in shares of NatWest Group plc (NYSE:NWG) by 17.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,619 shares of the company’s stock after selling 5,733 shares during the period. Squarepoint Ops LLC’s holdings in NatWest Group were worth $150,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in NatWest Group by 15.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,830,350 shares of the company’s stock valued at $21,603,000 after purchasing an additional 504,675 shares during the period. BlackRock Inc. lifted its holdings in shares of NatWest Group by 35.9% during the 2nd quarter. BlackRock Inc. now owns 1,309,784 shares of the company’s stock worth $7,387,000 after acquiring an additional 345,955 shares during the period. Morgan Stanley lifted its holdings in shares of NatWest Group by 126.8% during the 2nd quarter. Morgan Stanley now owns 479,510 shares of the company’s stock worth $2,705,000 after acquiring an additional 268,111 shares during the period. OLD Mission Capital LLC bought a new position in shares of NatWest Group during the 3rd quarter worth about $297,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of NatWest Group during the 1st quarter worth about $436,000. 0.52% of the stock is currently owned by institutional investors and hedge funds.
NWG opened at $5.96 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $34.16 billion, a PE ratio of 10.28 and a beta of 1.38. NatWest Group plc has a 1-year low of $3.91 and a 1-year high of $6.50. The firm has a 50-day moving average price of $6.09 and a two-hundred day moving average price of $5.87.
A number of research firms have recently commented on NWG. Societe Generale reaffirmed a “buy” rating on shares of NatWest Group in a report on Tuesday, November 2nd. Investec raised shares of NatWest Group from a “sell” rating to a “hold” rating in a report on Monday, November 1st. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of NatWest Group in a research report on Friday, September 17th. Barclays reiterated an “overweight” rating on shares of NatWest Group in a research report on Friday, October 15th. Finally, UBS Group reiterated a “neutral” rating on shares of NatWest Group in a research report on Tuesday, August 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, NatWest Group presently has an average rating of “Buy” and a consensus price target of $5.79.
NatWest Group Company Profile
NatWest Group Plc engages in the provision of international banking and financial services. It operates through the following segments: Personal and Business Banking, Commercial and Private Banking, RBS International (RBSI), NatWest Markets, and Central Items and Other. The Personal and Business Banking segment consists of the United Kingdom Personal, Business Banking, and Ulster Bank RoI sub-segments.
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