Adero Partners LLC Invests $100,000 in NatWest Group plc (NYSE:NWG)

Adero Partners LLC acquired a new position in NatWest Group plc (NYSE:NWG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,724 shares of the company’s stock, valued at approximately $100,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bruce G. Allen Investments LLC increased its position in shares of NatWest Group by 285.3% during the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock valued at $26,000 after acquiring an additional 2,083 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of NatWest Group by 45.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after acquiring an additional 1,259 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of NatWest Group by 134.5% during the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after acquiring an additional 1,980 shares during the last quarter. GAMMA Investing LLC increased its position in shares of NatWest Group by 65.7% during the second quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock valued at $37,000 after acquiring an additional 1,810 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of NatWest Group during the first quarter valued at approximately $44,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Price Performance

NatWest Group stock opened at $10.08 on Monday. NatWest Group plc has a one year low of $4.98 and a one year high of $10.31. The business has a fifty day moving average price of $9.42 and a 200-day moving average price of $8.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $41.86 billion, a P/E ratio of 7.64 and a beta of 1.32.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group raised NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating for the company. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Kepler Capital Markets assumed coverage on NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating for the company. Finally, Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NatWest Group currently 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.