NatWest Group plc (NYSE:NWG) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in NatWest Group plc (NYSE:NWG) by 394.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,575 shares of the company’s stock after acquiring an additional 196,724 shares during the period. Sanctuary Advisors LLC’s holdings in NatWest Group were worth $2,441,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Natixis Advisors LLC raised its stake in NatWest Group by 28.4% in the second quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock valued at $77,721,000 after buying an additional 2,139,290 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in NatWest Group in the third quarter valued at $11,420,000. Raymond James & Associates raised its stake in NatWest Group by 46.8% in the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock valued at $19,290,000 after buying an additional 765,671 shares in the last quarter. FMR LLC raised its stake in 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 buying an additional 721,578 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in NatWest Group by 55.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock valued at $14,127,000 after buying an additional 627,097 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Stock Down 1.8 %

NWG opened at $10.25 on Wednesday. The business’s 50-day simple moving average is $9.95 and its 200-day simple moving average is $9.17. 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 stock has a market capitalization of $41.20 billion, a P/E ratio of 7.76 and a beta of 1.32.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NWG shares. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Kepler Capital Markets began coverage on NatWest Group in a research report on Thursday, September 5th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group began coverage on NatWest Group in a research report on Friday, October 4th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NatWest Group has an average rating of “Buy”.

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.