Cerity Partners LLC has significantly increased its investment in NatWest Group plc, raising its stake by an impressive 91.4% during the first quarter of 2024. According to the firm’s latest Form 13F filing with the Securities and Exchange Commission, Cerity now holds 219,648 shares of NatWest’s stock after acquiring an additional 104,886 shares in this period. The value of Cerity’s holdings in NatWest is approximately $2.6 million as of the end of the most recent quarter.
Several other institutional investors have also adjusted their positions in NatWest Group. Notably, Bessemer Group Inc. raised its stake by 374.5% in the same quarter, acquiring a total of 2,102 shares valued at around $25,000 after purchasing an additional 1,659 shares. Similarly, Pinnacle Bancorp Inc. entered a new position worth $30,000, while Wayfinding Financial LLC purchased shares valued at $39,000. In addition, Whittier Trust Co. and Lazard Asset Management LLC made new investments worth approximately $42,000 and $44,000, respectively, in the fourth quarter. Currently, institutional investors and hedge funds own 1.27% of NatWest’s stock.
Current Stock Performance and Analyst Ratings
Shares of NatWest Group opened at $13.34 on Friday, with the company boasting a market capitalization of $53.98 billion. The stock exhibits a price-to-earnings ratio of 8.95 and a price-to-earnings-growth ratio of 0.78. Its 50-day moving average stands at $13.83, while the 200-day moving average is $12.32. Over the past year, NatWest’s stock has seen fluctuations, with a low of $8.08 and a high of $14.55. The company maintains a debt-to-equity ratio of 0.17, along with a current ratio and quick ratio both at 1.06.
In a recent report, Citigroup reaffirmed a “buy” rating for NatWest Group shares on April 28, 2024. Current ratings from analysts include one hold, four buy, and one strong buy, leading to an average rating of “Buy,” according to data from MarketBeat.com.
About NatWest Group
NatWest Group plc, along with its subsidiaries, offers a range of banking and financial products tailored for personal, commercial, corporate, and institutional customers both in the United Kingdom and internationally. The company operates through several segments, including Retail Banking, Private Banking, and Commercial & Institutional services.
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