Adero Partners LLC Acquires New Stake in NatWest Group plc (NYSE:NWG)

Adero Partners LLC acquired a new stake in shares of NatWest Group plc (NYSE:NWG) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 10,724 shares of the company’s stock, valued at approximately $100,000.

Other large investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC boosted its stake in NatWest Group by 285.3% during the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock valued at $26,000 after buying an additional 2,083 shares during the period. Hexagon Capital Partners LLC boosted its stake in NatWest Group by 134.5% during the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after buying an additional 1,980 shares during the period. EverSource Wealth Advisors LLC raised its position in NatWest Group by 45.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after purchasing an additional 1,259 shares in the last quarter. GAMMA Investing LLC raised its position in NatWest Group by 65.7% during the second quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock valued at $37,000 after purchasing an additional 1,810 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in NatWest Group during the first quarter valued at about $44,000. Institutional investors own 1.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NWG. The Goldman Sachs Group began coverage on NatWest Group in a research report on Friday, October 4th. They set a “buy” rating on the stock. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a report on Tuesday, October 15th. Kepler Capital Markets began coverage on NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Finally, UBS Group upgraded NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

NatWest Group Stock Up 1.2 %

Shares of NYSE:NWG opened at $10.08 on Monday. NatWest Group plc has a 1 year low of $4.98 and a 1 year high of $10.31. The company has a market cap of $41.86 billion, a PE ratio of 7.64 and a beta of 1.32. 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 stock’s 50-day moving average is $9.42 and its 200 day moving average is $8.83.

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.