Redhawk Wealth Advisors Inc. Acquires 57,618 Shares of NatWest Group plc (NYSE:NWG)

Redhawk Wealth Advisors Inc. grew its holdings in shares of NatWest Group plc (NYSE:NWG) by 79.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 130,291 shares of the company’s stock after acquiring an additional 57,618 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in NatWest Group were worth $1,325,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NWG. Mediolanum International Funds Ltd purchased a new position in shares of NatWest Group in the 3rd quarter worth approximately $11,420,000. Natixis Advisors LLC increased its position in NatWest Group by 10.7% during the third quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock valued at $100,245,000 after acquiring an additional 1,031,057 shares during the last quarter. FMR LLC raised its stake in shares of NatWest Group by 57.0% in the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after acquiring an additional 721,578 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of NatWest Group by 55.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock valued at $14,127,000 after acquiring an additional 627,097 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of NatWest Group by 352.4% in the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company’s stock worth $5,311,000 after acquiring an additional 442,002 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

NWG opened at $10.10 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $10.14 and its 200-day simple moving average is $9.43. The company has a market capitalization of $40.62 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 0.67 and a beta of 1.31. NatWest Group plc has a 12-month low of $5.16 and a 12-month high of $10.75.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating on the stock. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. 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 given a strong buy rating to the stock. According to data from MarketBeat, NatWest Group presently has an average rating of “Buy”.

NatWest Group 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.