Barometer Capital Management Inc. Increases Stake in NatWest Group plc $NWG

Barometer Capital Management Inc. raised its stake in shares of NatWest Group plc (NYSE:NWG) by 926.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,500 shares of the company’s stock after purchasing an additional 78,977 shares during the quarter. Barometer Capital Management Inc.’s holdings in NatWest Group were worth $1,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NWG. Larson Financial Group LLC increased its holdings in NatWest Group by 427.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after buying an additional 1,484 shares during the period. American National Bank & Trust purchased a new position in NatWest Group in the fourth quarter valued at $31,000. Rachor Investment Advisory Services LLC purchased a new position in shares of NatWest Group in the 4th quarter valued at about $34,000. Caitong International Asset Management Co. Ltd lifted its position in shares of NatWest Group by 173.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock valued at $38,000 after buying an additional 1,394 shares in the last quarter. Finally, Allworth Financial LP raised its position in NatWest Group by 186.8% during the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock worth $39,000 after acquiring an additional 1,784 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Price Performance

Shares of NWG opened at $18.16 on Wednesday. The firm has a 50-day simple moving average of $16.72 and a 200-day simple moving average of $16.52. NatWest Group plc has a fifty-two week low of $13.41 and a fifty-two week high of $19.35. The company has a market capitalization of $72.34 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.80 billion. On average, equities research analysts anticipate that NatWest Group plc will post 1.94 earnings per share for the current year.

Analyst Ratings Changes

NWG has been the subject of a number of research reports. Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Wall Street Zen cut shares of NatWest Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

NatWest Group 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.