Y Intercept Hong Kong Ltd Lowers Position in NatWest Group plc $NWG

Y Intercept Hong Kong Ltd lowered its position in shares of NatWest Group plc (NYSE:NWG) by 26.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 252,744 shares of the company’s stock after selling 90,053 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NatWest Group were worth $3,576,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NWG. Dogwood Wealth Management LLC acquired a new stake in NatWest Group during the 2nd quarter valued at approximately $26,000. Salomon & Ludwin LLC boosted its stake in shares of NatWest Group by 2,941.7% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock valued at $27,000 after buying an additional 1,765 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of NatWest Group during the 3rd quarter valued at approximately $49,000. Geneos Wealth Management Inc. raised its stake in shares of NatWest Group by 35.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock valued at $55,000 after purchasing an additional 1,195 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in NatWest Group by 22.6% in the second quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock worth $57,000 after purchasing an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Trading Up 4.4%

Shares of NYSE:NWG opened at $18.45 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The firm has a market cap of $73.88 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.63 and a beta of 0.99. The company has a 50 day moving average of $16.97 and a 200-day moving average of $15.40. NatWest Group plc has a twelve month low of $10.40 and a twelve month high of $18.19.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, October 24th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 $5.82 billion during the quarter, compared to the consensus estimate of $5.63 billion. As a group, analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NWG shares. The Goldman Sachs Group reissued a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a research report on Thursday. Finally, Barclays reaffirmed an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NatWest Group has a consensus rating of “Hold”.

NatWest Group Company 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.