Kovitz Investment Group Partners LLC Reduces Stake in NatWest Group plc (NYSE:NWG)

Kovitz Investment Group Partners LLC trimmed its position in shares of NatWest Group plc (NYSE:NWG) by 31.0% during the third quarter, Holdings Channel reports. The firm owned 19,936 shares of the company’s stock after selling 8,977 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in NatWest Group were worth $187,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NWG. Quantbot Technologies LP purchased a new stake in shares of NatWest Group in the 3rd quarter worth about $572,000. XTX Topco Ltd acquired a new position in NatWest Group during the second quarter worth about $597,000. US Bancorp DE lifted its holdings in shares of NatWest Group by 352.4% in the third quarter. US Bancorp DE now owns 567,421 shares of the company’s stock valued at $5,311,000 after purchasing an additional 442,002 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of NatWest Group by 78.8% in the third quarter. QRG Capital Management Inc. now owns 329,582 shares of the company’s stock valued at $3,085,000 after purchasing an additional 145,295 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in shares of NatWest Group during the 2nd quarter worth approximately $1,606,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

NWG has been the topic of a number of analyst reports. Kepler Capital Markets started coverage on NatWest Group in a report on Thursday, September 5th. They set a “buy” rating on the stock. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group started coverage on shares of NatWest Group in a research note on Friday, October 4th. They issued a “buy” rating for the company. Finally, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

NatWest Group Trading Down 0.7 %

Shares of NatWest Group stock opened at $10.37 on Friday. NatWest Group plc has a fifty-two week low of $5.16 and a fifty-two week high of $10.75. The business’s fifty day moving average is $9.91 and its two-hundred day moving average is $9.12. 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 market cap of $43.06 billion, a PE ratio of 7.86 and a beta of 1.32.

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.