QRG Capital Management Inc. Purchases 145,295 Shares of NatWest Group plc (NYSE:NWG)

QRG Capital Management Inc. grew its holdings in NatWest Group plc (NYSE:NWG) by 78.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 329,582 shares of the company’s stock after purchasing an additional 145,295 shares during the period. QRG Capital Management Inc.’s holdings in NatWest Group were worth $3,085,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. XTX Topco Ltd acquired a new stake in NatWest Group in the 2nd quarter valued at $597,000. US Bancorp DE increased its position 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 acquiring an additional 442,002 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in NatWest Group during the first quarter worth about $44,000. Envestnet Portfolio Solutions Inc. grew its stake in 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 purchasing an additional 8,595 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of NatWest Group during the 2nd quarter worth approximately $1,606,000. Institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

Shares of NWG opened at $10.24 on Thursday. The company’s 50-day moving average is $9.25 and its 200-day moving average is $8.68. 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 $42.52 billion, a PE ratio of 7.76 and a beta of 1.32. NatWest Group plc has a fifty-two week low of $4.79 and a fifty-two week high of $10.24.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NWG. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Kepler Capital Markets began coverage on shares of NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating on the stock. The Goldman Sachs Group began coverage on NatWest Group in a report on Friday, October 4th. They set a “buy” rating for the company. Finally, UBS Group upgraded NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.