Cerity Partners LLC has significantly increased its stake in NatWest Group plc (NYSE:NWG) by 91.4% during the first quarter of 2023. According to the company’s latest Form 13F filing with the Securities and Exchange Commission, Cerity now holds 219,648 shares of NatWest, having acquired an additional 104,886 shares over the quarter. The value of Cerity’s holdings in NatWest Group stands at approximately $2.6 million as of the end of the quarter.
Several other institutional investors have also adjusted their positions in NatWest Group in recent months. Bessemer Group Inc. expanded its stake by an impressive 374.5% during the same period, now owning 2,102 shares valued at $25,000 after purchasing an additional 1,659 shares. Additionally, Pinnacle Bancorp Inc. acquired a new position worth $30,000, while Wayfinding Financial LLC invested $39,000 in the bank’s shares. Other new positions have been taken by Whittier Trust Co. and Lazard Asset Management LLC, with investments of approximately $42,000 and $44,000 respectively.
Current Market Performance of NatWest Group
As of the last trading session, shares of NatWest Group opened at $13.34. The firm boasts a market capitalization of $53.98 billion, with a price-to-earnings ratio of 8.95 and a price-to-earnings-growth ratio of 0.78. The beta of the stock is recorded at 1.01. NatWest’s 50-day moving average is $13.83, while its 200-day moving average is $12.32. The stock has seen a one-year range with a low of $8.08 and a high of $14.55. Furthermore, NatWest Group maintains a debt-to-equity ratio of 0.17 along with both a current ratio and quick ratio of 1.06.
In terms of investor sentiment, Wall Street analysts have expressed a positive outlook for NatWest Group. On April 28, 2023, Citigroup reaffirmed its “buy” rating for the stock in a research report. Currently, one analyst has rated the stock as a hold, while four have issued buy ratings and one has assigned a strong buy rating. According to data from MarketBeat.com, NatWest Group enjoys an average rating of “Buy,” indicating overall confidence in its future performance.
About NatWest Group plc
NatWest Group plc provides a wide range of banking and financial products and services to personal, commercial, corporate, and institutional customers both in the United Kingdom and internationally. The company operates through various segments, including Retail Banking, Private Banking, and Commercial & Institutional services. With a solid presence in the market, NatWest continues to attract significant interest from institutional investors.
For those interested in tracking the latest developments regarding NatWest Group and its investors, detailed insights can be found through various financial news platforms and institutional filings.
