MQS Management LLC Takes Position in NatWest Group plc (NYSE:NWG)

MQS Management LLC bought a new stake in shares of NatWest Group plc (NYSE:NWG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,930 shares of the company’s stock, valued at approximately $121,000.

A number of other large investors have also recently made changes to their positions in NWG. Allspring Global Investments Holdings LLC purchased a new stake in shares of NatWest Group during the first 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. Envestnet Portfolio Solutions Inc. raised its holdings in shares of NatWest Group by 43.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,263 shares of the company’s stock valued at $192,000 after acquiring an additional 8,595 shares in the last quarter. Sei Investments Co. raised its holdings in shares of NatWest Group by 14.5% in the first quarter. Sei Investments Co. now owns 315,011 shares of the company’s stock valued at $2,142,000 after acquiring an additional 39,911 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of NatWest Group in the first quarter valued at about $320,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NWG has been the subject of several recent research reports. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. UBS Group upgraded NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Kepler Capital Markets assumed coverage on NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group assumed coverage on shares of NatWest Group in a report on Friday, October 4th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

NatWest Group Stock Performance

Shares of NatWest Group stock opened at $10.08 on Friday. The company has a market capitalization of $41.86 billion, a PE ratio of 7.64 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $9.42 and a two-hundred day simple moving average of $8.81. NatWest Group plc has a one year low of $4.98 and a one year 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.