Goldstone Financial Group LLC Invests $299,000 in NatWest Group plc (NYSE:NWG)

Goldstone Financial Group LLC acquired a new position in NatWest Group plc (NYSE:NWG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,989 shares of the company’s stock, valued at approximately $299,000.

Several other institutional investors and hedge funds have also made changes to their positions in NWG. Natixis Advisors LLC raised its stake in NatWest Group by 28.4% in the second quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after buying an additional 2,139,290 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in NatWest Group by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company’s stock valued at $56,615,000 after acquiring an additional 205,439 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in NatWest Group by 9.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 2,623,571 shares of the company’s stock worth $21,068,000 after purchasing an additional 224,900 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of NatWest Group by 6.7% during the 3rd quarter. Raymond James & Associates now owns 2,564,252 shares of the company’s stock valued at $24,001,000 after purchasing an additional 162,068 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in NatWest Group by 55.4% during 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. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Stock Down 0.8 %

NYSE:NWG opened at $9.56 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.08. The company’s fifty day moving average price is $9.21 and its 200-day moving average price is $8.59. NatWest Group plc has a 1-year low of $4.30 and a 1-year high of $9.84. The firm has a market capitalization of $39.70 billion, a P/E ratio of 7.24 and a beta of 1.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NWG shares. Kepler Capital Markets started coverage on shares of NatWest Group in a report on Thursday, September 5th. They set a “buy” rating on the stock. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. UBS Group upgraded NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group initiated coverage on NatWest Group in a research note on Friday, October 4th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.