GC Wealth Management RIA LLC Boosts Stock Holdings in NatWest Group plc $NWG

GC Wealth Management RIA LLC raised its stake in NatWest Group plc (NYSE:NWG) by 135.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,856 shares of the company’s stock after acquiring an additional 35,543 shares during the period. GC Wealth Management RIA LLC’s holdings in NatWest Group were worth $922,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. American National Bank & Trust purchased a new position in shares of NatWest Group during the fourth quarter valued at about $31,000. Larson Financial Group LLC lifted its position in shares of NatWest Group by 427.7% in the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after buying an additional 1,484 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new position in NatWest Group during the fourth quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd boosted its stake in NatWest Group by 173.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock valued at $38,000 after buying an additional 1,394 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in NatWest Group by 101.7% during the 4th quarter. IFP Advisors Inc now owns 2,259 shares of the company’s stock valued at $40,000 after buying an additional 1,139 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Ratings Changes

NWG has been the topic of a number of research reports. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Zacks Research downgraded NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Friday, July 17th. Berenberg Bank began coverage on shares of NatWest Group in a research report on Wednesday, June 24th. They issued a “buy” rating on the stock. Finally, Weiss Ratings downgraded shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

NatWest Group Trading Up 0.6%

Shares of NYSE NWG opened at $17.96 on Friday. NatWest Group plc has a 1-year low of $13.49 and a 1-year high of $19.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50 day moving average is $16.89 and its two-hundred day moving average is $16.54. The stock has a market capitalization of $71.59 billion, a P/E ratio of 9.56, a PEG ratio of 0.93 and a beta of 0.92.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. As a group, research analysts expect that NatWest Group plc will post 1.94 EPS for the current year.

NatWest Group Profile

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.