Oppenheimer Asset Management Inc. Grows Stake in NatWest Group plc $NWG

Oppenheimer Asset Management Inc. lifted its stake in NatWest Group plc (NYSE:NWG) by 31.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 192,202 shares of the company’s stock after acquiring an additional 45,484 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in NatWest Group were worth $2,720,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC boosted its holdings in NatWest Group by 2,941.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after acquiring an additional 1,765 shares during the period. Bessemer Group Inc. increased its stake in NatWest Group by 88.7% during the 3rd quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock worth $29,000 after buying an additional 972 shares during the period. True Wealth Design LLC acquired a new position in NatWest Group in the 3rd quarter worth $49,000. First Horizon Advisors Inc. lifted its holdings in NatWest Group by 22.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock worth $57,000 after buying an additional 746 shares in the last quarter. Finally, MAI Capital Management boosted its position in NatWest Group by 410.8% in the 2nd quarter. MAI Capital Management now owns 4,403 shares of the company’s stock valued at $62,000 after buying an additional 3,541 shares during the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NWG has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. Zacks Research upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Barclays reaffirmed an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

NatWest Group Trading Down 2.6%

Shares of NYSE NWG opened at $16.31 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $17.45 and its two-hundred day moving average price is $15.76. NatWest Group plc has a 52-week low of $10.40 and a 52-week high of $19.35. The stock has a market capitalization of $65.29 billion, a P/E ratio of 9.48, a PEG ratio of 0.59 and a beta of 0.96.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.