NatWest Group plc (NYSE:NWG) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lessened its position in shares of NatWest Group plc (NYSE:NWG) by 31.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,936 shares of the company’s stock after selling 8,977 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in NatWest Group were worth $187,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NWG. Natixis Advisors LLC boosted its stake in shares of NatWest Group by 28.4% during the second quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after buying an additional 2,139,290 shares during the period. Mediolanum International Funds Ltd purchased a new stake in NatWest Group during the 3rd quarter valued at approximately $11,420,000. Raymond James & Associates grew its stake in shares of NatWest Group by 46.8% in the 2nd quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock valued at $19,290,000 after purchasing an additional 765,671 shares during the last quarter. FMR LLC increased its holdings in shares of NatWest Group by 57.0% in the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after purchasing an additional 721,578 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of NatWest Group by 55.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after purchasing an additional 627,097 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

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

NatWest Group Price Performance

NatWest Group stock opened at $10.37 on Friday. 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 company has a market cap of $43.06 billion, a P/E ratio of 7.86 and a beta of 1.32. The business has a fifty day moving average of $9.91 and a two-hundred day moving average of $9.12.

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.