According to Benjamin F. Edwards & Company Inc.’s most recent Form 13F filing with the Securities and Exchange Commission, the company made a new investment in NatWest Group plc (NYSE: NWG) during the third quarter of this year. The filing was made because the company was required to make such disclosures. The investment fund purchased 14,098 shares of the company’s stock at approximately $70,000.
Several hedge funds have recently modified the processes by which they invest in the company to reflect recent developments. During the third quarter, Wipfli Financial Advisors LLC purchased new shares of NatWest Group and contributed $31,000 toward the purchase. This was a new investment for the company. Through the third quarter, Ronald Blue Trust Inc. increased the proportion of NatWest Group stock owned by 505.3%. The most recent quarter saw Ronald Blue Trust Inc. acquire an additional 5,947 shares of the company’s stock, bringing the total number of shares owned to 7,124, with a value of $39,000. This increase brought the total number of shares owned in the company to 7,124. During the second quarter, Captrust Financial Advisors achieved a 225.5% increase in the proportion of NatWest Group stock that the company held. Captrust Financial Advisors purchased an additional 6,703 shares during the most recent fiscal quarter. This brings the total number of shares that they own in the company to 9,675, with a value of $53,000. Raymond James Financial Services Advisors Inc. acquired a new stake in NatWest Group during the third quarter of the fiscal year by making a contribution of approximately $59,000 toward the completion of the transaction. Not to be outdone, JPMorgan Chase & Co. increased the amount it had invested in NatWest Group by 93.9% during the first three months of the year. After making an additional 5,071 stock purchases over the most recent quarter, JPMorgan Chase & Co. now possesses 10,469 shares of the company’s common stock. The value of these shares places a value of $59,000 on the stock of the company. Institutional investors and hedge funds own the company’s shares to the extent of 0.88 percent.
NWG began trading on Tuesday at $7.35. The debt-to-equity ratio is calculated to be 0.19, the current ratio is calculated to be 1.06, and the quick ratio is also calculated to be 1.06. During the last year and a half, the price of a share of NatWest Group plc has ranged from $4.70 to $7.53, with a price of $7.53 serving the average. The moving averages for the past 50 days come in at $6.39 for the company, while the moving averages for the past 200 days come in at $6.07. The current price-to-earnings ratio for the company is 11.62, and the company’s market value is $35.97 billion at the moment. This particular thing has a PEG ratio of 0.19, and its beta value is 1.26.
The earnings report for NatWest Group, which is traded on the NYSE under the symbol “NWG,” was made public on October 28. The date also marked the beginning of the holiday shopping season. The earnings per share that the company reported for the quarter were $0.14, which was $0.15 less than the average projection of $0.29. The revenue for the quarter came in significantly higher than the $3.55 billion analysts had anticipated, coming in at $3.80 billion instead. The return on equity and the net margin for the NatWest Group was at 6.75 percent and 18.05 percent, respectively. The projections of market analysts suggest that NatWest Group plc will generate $0.92 in earnings per share for the current fiscal year.
Recent reports from analysts have primarily concentrated on NWG as their topic of discussion. In a report released on Tuesday, December 6, JPMorgan Chase & Co. raised their price objective on NatWest Group shares from GBX 300 ($3.66) to GBX 310 ($3.78). The “outperform” rating previously given to the shares of NatWest Group was changed by BNP Paribas to a “neutral” rating in a research note published on Friday, October 14. Keefe, Bruyette & Woods downgraded NatWest Group from an “outperform” recommendation to a “market perform” rating in a research report published on October 19. Barclays revealed on October 20, in a research study that was made available to the general public, that they had decreased their price objective for NatWest Group from GBX 400 ($4.88) to GBX 370 ($4.51). Credit Suisse Group increased their price target for NatWest Group from GBX 350 ($4.27) to GBX 370 ($4.51) in a research note published on October 31. They stated that this increase was “not the least of our expectations,” which means they were pleased with it. Five equity research professionals have assigned the stock a buy rating, while three have assigned a hold rating to the stock. The current price objective for the company is reported by Bloomberg to be set at $338.15, and the overall recommendation for the stock is a “Moderate Buy.”
The banking and financial services provided by NatWest Group plc and its subsidiaries in the United Kingdom and worldwide are available to individuals, firms, corporations, and institutions of all sizes. These services can be accessed in both the UK and internationally. NatWest Group plc is the company responsible for providing these services. It conducts business in various areas, including retail banking, commercial banking, private banking, RBS International, and NatWest Markets.
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