Cerity Partners LLC significantly increased its investment in NatWest Group plc (NYSE: NWG) by an impressive 91.4% during the first quarter of 2023. According to the firm’s recent Form 13F filing with the Securities and Exchange Commission, Cerity now holds 219,648 shares of NatWest Group, having acquired an additional 104,886 shares during this period. At the end of the quarter, these holdings were valued at approximately $2.62 million.
Several other institutional investors have also made notable adjustments to their positions in NatWest Group. For instance, Bessemer Group Inc. boosted its stake by 374.5%, bringing its total to 2,102 shares valued at $25,000 after purchasing an additional 1,659 shares in the last quarter. Similarly, Pinnacle Bancorp Inc. acquired a new position in NatWest Group worth $30,000, while Wayfinding Financial LLC invested $39,000 in the same period. Additionally, Whittier Trust Co. and Lazard Asset Management LLC entered new positions valued at $42,000 and $44,000, respectively. Currently, hedge funds and other institutional investors collectively own 1.27% of NatWest Group stock.
Stock Performance and Analyst Ratings
As of last Friday, NatWest Group shares opened at $13.34. The company has a market capitalization of $53.98 billion and a price-to-earnings ratio of 8.95, alongside a price-to-earnings-growth ratio of 0.78 and a beta of 1.01. Over the past year, the stock has fluctuated, reaching a low of $8.08 and a high of $14.55. The firm’s moving averages stand at $13.83 for the 50-day and $12.32 for the 200-day periods.
In terms of market perception, Citigroup has reaffirmed a “buy” rating for NatWest Group shares in a report issued on April 28, 2023. Among equity research analysts, one has rated the stock as a hold, four analysts have given it a buy rating, and one has assigned a strong buy rating. Data from MarketBeat.com indicates that NatWest Group currently enjoys an average rating of “Buy.”
About NatWest Group
NatWest Group plc, along with its subsidiaries, offers a range of banking and financial products and services. It caters to personal, commercial, corporate, and institutional customers both in the United Kingdom and internationally. The company operates through several segments, including Retail Banking, Private Banking, and Commercial & Institutional services.
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