941,766 Shares in NatWest Group plc (NYSE:NWG) Bought by ABC Arbitrage SA

ABC Arbitrage SA purchased a new stake in NatWest Group plc (NYSE:NWG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 941,766 shares of the company’s stock, valued at approximately $9,578,000. NatWest Group makes up approximately 1.4% of ABC Arbitrage SA’s investment portfolio, making the stock its 17th largest holding.

Other large investors have also recently bought and sold shares of the company. Mediolanum International Funds Ltd acquired a new stake in shares of NatWest Group in the third quarter valued at about $11,420,000. Natixis Advisors LLC raised its stake in NatWest Group by 10.7% in the third quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock valued at $100,245,000 after buying an additional 1,031,057 shares during the period. FMR LLC lifted its holdings in NatWest Group by 57.0% during the 3rd quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after purchasing an additional 721,578 shares during the last quarter. US Bancorp DE boosted its position in NatWest Group by 352.4% during the third quarter. US Bancorp DE now owns 567,421 shares of the company’s stock worth $5,311,000 after purchasing an additional 442,002 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in shares of NatWest Group by 394.6% in the third quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock valued at $2,441,000 after purchasing an additional 196,724 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

NatWest Group Stock Performance

NYSE NWG opened at $10.85 on Friday. The company has a market capitalization of $43.68 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.84 and a beta of 1.30. NatWest Group plc has a 12-month low of $5.46 and a 12-month high of $11.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $10.40 and a two-hundred day moving average price of $9.75.

About NatWest Group

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.