ABC Arbitrage SA Makes New $9.58 Million Investment in NatWest Group plc (NYSE:NWG)

ABC Arbitrage SA bought a new stake in NatWest Group plc (NYSE:NWG) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 941,766 shares of the company’s stock, valued at approximately $9,578,000. NatWest Group comprises 1.4% of ABC Arbitrage SA’s holdings, making the stock its 17th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA increased its position in NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after acquiring an additional 1,499 shares during the period. Hilltop National Bank acquired a new position in NatWest Group in the fourth quarter worth about $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of NatWest Group during the 3rd quarter worth approximately $33,000. Geneos Wealth Management Inc. acquired a new stake in shares of NatWest Group in the 4th quarter valued at $35,000. Finally, Marks Group Wealth Management Inc acquired a new stake in shares of NatWest Group during the third quarter worth approximately $96,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

NatWest Group Stock Performance

Shares of NWG stock opened at $10.85 on Friday. The stock has a 50-day moving average of $10.40 and a 200-day moving average of $9.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $43.68 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.84 and a beta of 1.30. NatWest Group plc has a one year low of $5.46 and a one year high of $11.37.

NatWest Group Company Profile

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.