Sanders Capital LLC Sells 19,439 Shares of NatWest Group plc (NYSE:NWG)

Sanders Capital LLC lessened its position in NatWest Group plc (NYSE:NWG) by 6.2% during the third quarter, Holdings Channel reports. The institutional investor owned 292,066 shares of the company’s stock after selling 19,439 shares during the quarter. Sanders Capital LLC’s holdings in NatWest Group were worth $2,734,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NWG. Raymond James Trust N.A. grew its stake in NatWest Group by 3.0% in the third quarter. Raymond James Trust N.A. now owns 35,878 shares of the company’s stock valued at $336,000 after purchasing an additional 1,039 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in NatWest Group by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 29,328 shares of the company’s stock worth $236,000 after acquiring an additional 1,230 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in NatWest Group by 45.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after acquiring an additional 1,259 shares during the last quarter. Private Trust Co. NA grew its position in shares of NatWest Group by 121.3% in the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after acquiring an additional 1,499 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of NatWest Group by 65.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after purchasing an additional 1,810 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

NWG opened at $9.90 on Tuesday. 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 company has a market capitalization of $41.11 billion, a PE ratio of 7.57 and a beta of 1.32. The business has a fifty day simple moving average of $9.56 and a 200 day simple moving average of $8.92. NatWest Group plc has a 1 year low of $5.16 and a 1 year high of $10.31.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NWG shares. Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on NatWest Group in a research note on Friday, October 4th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Kepler Capital Markets began coverage on shares of NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. Finally, UBS Group raised shares of NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NatWest Group has a consensus rating of “Buy”.

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.