Teachers Retirement System of The State of Kentucky Sells 77,700 Shares of NatWest Group plc (NYSE:NWG)

Teachers Retirement System of The State of Kentucky cut its stake in shares of NatWest Group plc (NYSE:NWG) by 3.0% during the third quarter, HoldingsChannel.com reports. The fund owned 2,545,871 shares of the company’s stock after selling 77,700 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NatWest Group were worth $23,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Coldstream Capital Management Inc. raised its position in NatWest Group by 44.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 17,070 shares of the company’s stock valued at $160,000 after purchasing an additional 5,233 shares in the last quarter. MML Investors Services LLC increased its stake in shares of NatWest Group by 66.4% during the third quarter. MML Investors Services LLC now owns 69,531 shares of the company’s stock valued at $651,000 after buying an additional 27,742 shares during the period. Jane Street Group LLC raised its holdings in shares of NatWest Group by 339.2% in the third quarter. Jane Street Group LLC now owns 53,450 shares of the company’s stock valued at $500,000 after acquiring an additional 41,279 shares in the last quarter. Stifel Financial Corp lifted its stake in NatWest Group by 12.7% in the third quarter. Stifel Financial Corp now owns 396,490 shares of the company’s stock worth $3,711,000 after acquiring an additional 44,560 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in NatWest Group by 48.8% during the 3rd quarter. Quantinno Capital Management LP now owns 282,578 shares of the company’s stock worth $2,645,000 after acquiring an additional 92,684 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NWG has been the subject of several research reports. The Goldman Sachs Group assumed coverage on shares of NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating for the company. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Kepler Capital Markets assumed coverage on shares of NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating for the company. Finally, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

NatWest Group Price Performance

NYSE NWG opened at $10.48 on Wednesday. The firm’s fifty day simple moving average is $9.82 and its two-hundred day simple moving average is $9.09. The firm has a market capitalization of $43.52 billion, a P/E ratio of 7.94 and a beta of 1.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. NatWest Group plc has a 12-month low of $5.16 and a 12-month high of $10.75.

NatWest Group Company 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.