Keybank National Association OH Has $698,000 Position in NatWest Group plc $NWG

Keybank National Association OH grew its position in NatWest Group plc (NYSE:NWG) by 165.1% in the first quarter, HoldingsChannel.com reports. The fund owned 46,823 shares of the company’s stock after buying an additional 29,159 shares during the period. Keybank National Association OH’s holdings in NatWest Group were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealthstar Advisors LLC grew its holdings in NatWest Group by 1.5% during the fourth quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company’s stock worth $710,000 after purchasing an additional 595 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of NatWest Group by 17.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,667 shares of the company’s stock valued at $82,000 after buying an additional 695 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of NatWest Group by 2.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock worth $414,000 after acquiring an additional 697 shares during the period. Vise Technologies Inc. boosted its stake in shares of NatWest Group by 1.6% during the 3rd quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock worth $662,000 after acquiring an additional 733 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in shares of NatWest Group by 5.6% during the 4th quarter. Perigon Wealth Management LLC now owns 15,342 shares of the company’s stock worth $268,000 after acquiring an additional 812 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

NatWest Group Stock Down 2.6%

NYSE NWG opened at $17.52 on Thursday. 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 company has a market cap of $69.85 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.96 and a beta of 0.92. The company has a 50 day moving average of $16.31 and a 200-day moving average of $16.51. NatWest Group plc has a 1-year low of $13.16 and a 1-year high of $19.35.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $5.59 billion for 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%. On average, equities research analysts expect that NatWest Group plc will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NWG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut NatWest Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings downgraded shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Berenberg Bank began coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating for the company. Finally, Wall Street Zen downgraded shares of NatWest Group from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.