GAMMA Investing LLC Increases Position in NatWest Group plc (NYSE:NWG)

GAMMA Investing LLC boosted its position in NatWest Group plc (NYSE:NWG) by 15.3% in the 1st quarter, Holdings Channel reports. The fund owned 13,290 shares of the company’s stock after purchasing an additional 1,761 shares during the period. GAMMA Investing LLC’s holdings in NatWest Group were worth $158,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Whittier Trust Co. acquired a new stake in shares of NatWest Group during the fourth quarter worth $42,000. Lazard Asset Management LLC acquired a new position in NatWest Group in the fourth quarter valued at $44,000. Bruce G. Allen Investments LLC lifted its position in NatWest Group by 109.0% during the first quarter. Bruce G. Allen Investments LLC now owns 6,582 shares of the company’s stock worth $78,000 after buying an additional 3,433 shares during the period. OneAscent Financial Services LLC lifted its position in NatWest Group by 8.2% during the fourth quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company’s stock worth $124,000 after buying an additional 926 shares during the period. Finally, Waverly Advisors LLC acquired a new stake in NatWest Group in the 4th quarter worth about $130,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

NatWest Group Stock Up 3.3%

Shares of NYSE NWG opened at $13.45 on Friday. The stock has a market capitalization of $54.40 billion, a PE ratio of 9.02, a P/E/G ratio of 0.79 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $13.75 and a 200-day moving average of $12.08. NatWest Group plc has a 52-week low of $8.08 and a 52-week high of $14.55.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $5.30 billion during the quarter, compared to analyst estimates of $3.80 billion. On average, analysts anticipate that NatWest Group plc will post 1.35 EPS for the current year.

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.