Hantz Financial Services Inc. Increases Stock Position in NatWest Group plc $NWG

Hantz Financial Services Inc. raised its holdings in NatWest Group plc (NYSE:NWG) by 88.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,197 shares of the company’s stock after purchasing an additional 44,549 shares during the quarter. Hantz Financial Services Inc.’s holdings in NatWest Group were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NWG. Wealthstar Advisors LLC boosted its stake in shares of NatWest Group by 1.5% during the 4th quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company’s stock worth $710,000 after acquiring an additional 595 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in NatWest Group by 2.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock valued at $414,000 after buying an additional 697 shares in the last quarter. Vise Technologies Inc. lifted its stake in NatWest Group by 1.6% in the 3rd quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock valued at $662,000 after buying an additional 733 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in NatWest Group by 5.6% in the 4th quarter. Perigon Wealth Management LLC now owns 15,342 shares of the company’s stock valued at $268,000 after buying an additional 812 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in NatWest Group by 28.0% in the 4th quarter. Private Trust Co. NA now owns 4,307 shares of the company’s stock valued at $75,000 after buying an additional 941 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Down 0.2%

Shares of NYSE NWG opened at $16.12 on Thursday. NatWest Group plc has a 12-month low of $12.91 and a 12-month high of $19.35. The company has a market cap of $64.24 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.86 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $15.56 and a 200 day moving average price of $16.39.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results 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 firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. Research analysts anticipate that NatWest Group plc will post 1.97 EPS for the current fiscal year.

Analysts Set New Price Targets

NWG has been the subject of several analyst reports. Zacks Research downgraded NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Wall Street Zen upgraded NatWest Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings downgraded NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods downgraded NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.