NatWest Group plc $NWG Shares Bought by First Command Advisory Services Inc.

First Command Advisory Services Inc. boosted its stake in NatWest Group plc (NYSE:NWG) by 963.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,130 shares of the company’s stock after acquiring an additional 57,193 shares during the period. First Command Advisory Services Inc.’s holdings in NatWest Group were worth $1,146,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NWG. Bank of America Corp DE raised its holdings in NatWest Group by 17.8% during the 1st quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock worth $103,529,000 after purchasing an additional 1,048,804 shares during the last quarter. Quantinno Capital Management LP raised its stake in NatWest Group by 14.0% during the first quarter. Quantinno Capital Management LP now owns 889,533 shares of the company’s stock worth $13,254,000 after buying an additional 109,338 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in NatWest Group by 12.4% in the second quarter. QRG Capital Management Inc. now owns 558,069 shares of the company’s stock valued at $9,839,000 after buying an additional 61,748 shares during the period. Sei Investments Co. lifted its holdings in NatWest Group by 28.9% in the first quarter. Sei Investments Co. now owns 566,648 shares of the company’s stock valued at $8,443,000 after buying an additional 126,996 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in NatWest Group by 8.7% during the first quarter. Bank of New York Mellon Corp now owns 473,757 shares of the company’s stock valued at $7,059,000 after acquiring an additional 37,902 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Price Performance

Shares of NYSE NWG opened at $15.94 on Thursday. The firm’s 50-day moving average price is $17.54 and its 200-day moving average price is $17.02. NatWest Group plc has a 1-year low of $13.76 and a 1-year high of $19.42. The firm has a market capitalization of $63.28 billion, a P/E ratio of 7.97, a P/E/G ratio of 0.82 and a beta of 1.02. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, October 30th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. NatWest Group had a return on equity of 13.75% and a net margin of 19.61%. The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $6.18 billion. Equities research analysts anticipate that NatWest Group plc will post 1.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NWG. Weiss Ratings downgraded NatWest Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Barclays upgraded NatWest Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, October 13th. Wall Street Zen cut NatWest Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Finally, Morgan Stanley upgraded NatWest Group from an “equal weight” rating to an “overweight” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

NatWest Group Profile

NatWest Group plc is a UK banking and financial services group headquartered in Edinburgh, Scotland. Formerly known as The Royal Bank of Scotland Group, it adopted the NatWest Group name in 2020. Its principal brands include NatWest, the Royal Bank of Scotland, Ulster Bank and Coutts. The group serves personal, business and institutional customers. Its services include current and savings accounts, mortgages, personal lending, business finance, payment services, private banking and wealth management.