Freedom Investment Management Inc. Reduces Holdings in NatWest Group plc (NYSE:NWG)

Freedom Investment Management Inc. decreased its stake in shares of NatWest Group plc (NYSE:NWG) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,063 shares of the company’s stock after selling 6,384 shares during the period. Freedom Investment Management Inc.’s holdings in NatWest Group were worth $600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NWG. Natixis Advisors LLC increased its stake in shares of NatWest Group by 28.4% in the 2nd quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after acquiring an additional 2,139,290 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of NatWest Group during the third quarter valued at approximately $11,420,000. Raymond James & Associates lifted its holdings in shares of NatWest Group by 46.8% during the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock valued at $19,290,000 after purchasing an additional 765,671 shares during the last quarter. FMR LLC boosted its position in shares of NatWest Group by 57.0% in the 3rd quarter. FMR LLC now owns 1,988,329 shares of the company’s stock worth $18,611,000 after purchasing an additional 721,578 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of NatWest Group by 55.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after buying an additional 627,097 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Up 3.1 %

NWG stock opened at $10.34 on Friday. The stock has a market capitalization of $42.94 billion, a P/E ratio of 7.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. NatWest Group plc has a 1-year low of $5.16 and a 1-year high of $10.36. The business has a fifty day moving average price of $9.64 and a 200-day moving average price of $8.96.

Analyst Ratings Changes

NWG has been the subject of a number of recent research reports. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Kepler Capital Markets assumed coverage on shares of NatWest Group in a research report on Thursday, September 5th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of NatWest Group in a report on Friday, October 4th. They issued a “buy” rating for the company. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

About NatWest Group

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.