NatWest Group plc $NWG Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in shares of NatWest Group plc (NYSE:NWG) by 909.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 342,797 shares of the company’s stock after purchasing an additional 308,852 shares during the period. Y Intercept Hong Kong Ltd’s holdings in NatWest Group were worth $4,851,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of NatWest Group by 20.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,304,281 shares of the company’s stock valued at $46,756,000 after acquiring an additional 559,731 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of NatWest Group by 55.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 146,718 shares of the company’s stock valued at $2,076,000 after acquiring an additional 52,059 shares during the period. Bleakley Financial Group LLC increased its position in shares of NatWest Group by 15.0% in the 2nd quarter. Bleakley Financial Group LLC now owns 37,320 shares of the company’s stock valued at $528,000 after acquiring an additional 4,867 shares during the period. Ethic Inc. increased its position in shares of NatWest Group by 4.0% in the 2nd quarter. Ethic Inc. now owns 224,838 shares of the company’s stock valued at $3,159,000 after acquiring an additional 8,734 shares during the period. Finally, Rehmann Capital Advisory Group increased its position in shares of NatWest Group by 5.8% in the 2nd quarter. Rehmann Capital Advisory Group now owns 68,978 shares of the company’s stock valued at $976,000 after acquiring an additional 3,757 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Price Performance

NYSE:NWG opened at $15.59 on Wednesday. NatWest Group plc has a one year low of $9.16 and a one year high of $15.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. The firm has a market cap of $62.67 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.67 and a beta of 1.05. The firm’s fifty day moving average is $14.48 and its two-hundred day moving average is $13.94.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, October 24th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. The company had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.63 billion. Research analysts expect that NatWest Group plc will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NWG. Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. Zacks Research downgraded NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. BNP Paribas downgraded NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Finally, BNP Paribas Exane lowered shares of NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

NatWest Group Company Profile

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.