OneAscent Financial Services LLC Makes New $106,000 Investment in NatWest Group plc (NYSE:NWG)

OneAscent Financial Services LLC purchased a new stake in shares of NatWest Group plc (NYSE:NWG) in the 3rd quarter, Holdings Channel reports. The fund purchased 11,285 shares of the company’s stock, valued at approximately $106,000.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in NatWest Group during the 1st quarter valued at $44,000. Janney Montgomery Scott LLC bought a new stake in shares of NatWest Group in the first quarter valued at about $432,000. Sei Investments Co. lifted its stake in NatWest Group by 14.5% in the first quarter. Sei Investments Co. now owns 315,011 shares of the company’s stock worth $2,142,000 after acquiring an additional 39,911 shares during the period. Russell Investments Group Ltd. grew its holdings in NatWest Group by 66.9% during the 1st quarter. Russell Investments Group Ltd. now owns 19,093 shares of the company’s stock worth $130,000 after acquiring an additional 7,655 shares in the last quarter. Finally, US Bancorp DE increased its position in NatWest Group by 9.4% during the 1st quarter. US Bancorp DE now owns 61,613 shares of the company’s stock valued at $419,000 after purchasing an additional 5,303 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NWG shares. UBS Group raised shares of NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Kepler Capital Markets began coverage on NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating on the stock. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group started coverage on NatWest Group in a research report on Friday, October 4th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NatWest Group has a consensus rating of “Buy”.

NatWest Group Price Performance

NYSE NWG opened at $10.05 on Wednesday. The firm’s fifty day simple moving average is $9.47 and its two-hundred day simple moving average is $8.86. The firm has a market capitalization of $41.71 billion, a P/E ratio of 7.61 and a beta of 1.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. NatWest Group plc has a 12-month low of $5.10 and a 12-month high of $10.31.

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.