NatWest Group plc $NWG Stock Purchased by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in shares of NatWest Group plc (NYSE:NWG) by 52.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 139,310 shares of the company’s stock after purchasing an additional 47,833 shares during the period. Vise Technologies Inc.’s holdings in NatWest Group were worth $2,528,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE raised its stake in NatWest Group by 17.8% in the first quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock worth $103,529,000 after buying an additional 1,048,804 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in NatWest Group during the 2nd quarter valued at $4,239,000. Sei Investments Co. boosted its position in NatWest Group by 28.9% during the 1st quarter. Sei Investments Co. now owns 566,648 shares of the company’s stock valued at $8,443,000 after acquiring an additional 126,996 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of NatWest Group in the 1st quarter valued at $1,807,000. Finally, Quantinno Capital Management LP increased its holdings in shares of NatWest Group by 14.0% in the 1st quarter. Quantinno Capital Management LP now owns 889,533 shares of the company’s stock valued at $13,254,000 after acquiring an additional 109,338 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Stock Up 7.0%

NatWest Group stock opened at $16.56 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.04. The stock has a market capitalization of $65.76 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.70 and a beta of 1.02. NatWest Group plc has a 1-year low of $13.76 and a 1-year high of $19.42. The business has a fifty day moving average price of $17.79 and a 200-day moving average price of $17.06.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, October 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. NatWest Group had a return on equity of 13.75% and a net margin of 19.61%. The company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $6.18 billion. Equities research analysts forecast that NatWest Group plc will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NWG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Barclays upgraded shares of NatWest Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, October 13th. Morgan Stanley raised shares of NatWest Group from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 2nd. Weiss Ratings downgraded shares of NatWest Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Finally, Wall Street Zen lowered shares of NatWest Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

NatWest Group Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank and Coutts, it provides current accounts, savings products, mortgages, personal loans, credit cards, insurance and other financial services to individuals and households.

The group also serves small and medium-sized businesses, larger companies and institutional clients. Its commercial and institutional banking activities include lending, transaction banking, cash management, payments, trade finance, capital markets services and risk-management solutions.