Marks Group Wealth Management Inc Purchases Shares of 10,229 NatWest Group plc (NYSE:NWG)

Marks Group Wealth Management Inc acquired a new position in NatWest Group plc (NYSE:NWG) during the third quarter, according to its most recent filing with the SEC. The firm acquired 10,229 shares of the company’s stock, valued at approximately $96,000.

Several other hedge funds have also recently made changes to their positions in NWG. Allspring Global Investments Holdings LLC purchased a new position in NatWest Group during the 1st quarter valued at $44,000. First Trust Direct Indexing L.P. increased its position in shares of NatWest Group by 4.9% during the first quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock valued at $218,000 after buying an additional 1,501 shares during the period. Janney Montgomery Scott LLC bought a new position in NatWest Group in the first quarter worth about $432,000. Rehmann Capital Advisory Group lifted its holdings in NatWest Group by 11.8% in the first quarter. Rehmann Capital Advisory Group now owns 45,052 shares of the company’s stock worth $306,000 after buying an additional 4,741 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in NatWest Group by 43.7% during the 1st 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. 1.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NWG. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. UBS Group raised NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group started coverage on NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating on the stock. Finally, Kepler Capital Markets initiated coverage on NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating for the company. Five research 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 an average rating of “Buy”.

NatWest Group Price Performance

NWG opened at $10.24 on Thursday. 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’s 50-day simple moving average is $9.25 and its two-hundred day simple moving average is $8.68. NatWest Group plc has a 52-week low of $4.79 and a 52-week high of $10.24. The stock has a market capitalization of $42.52 billion, a P/E ratio of 7.76 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.