Cibc World Market Inc. Grows Stock Position in NatWest Group plc $NWG

Cibc World Market Inc. increased its stake in NatWest Group plc (NYSE:NWG) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,726,761 shares of the company’s stock after acquiring an additional 291,148 shares during the period. Cibc World Market Inc.’s holdings in NatWest Group were worth $30,218,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after acquiring an additional 1,484 shares during the last quarter. Bessemer Group Inc. lifted its position in NatWest Group by 88.7% in the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock valued at $29,000 after purchasing an additional 972 shares during the last quarter. American National Bank & Trust purchased a new stake in shares of NatWest Group during the fourth quarter valued at approximately $31,000. Rachor Investment Advisory Services LLC bought a new position in shares of NatWest Group in the fourth quarter worth approximately $34,000. Finally, Allworth Financial LP grew its holdings in shares of NatWest Group by 186.8% in the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock worth $39,000 after purchasing an additional 1,784 shares during the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Price Performance

Shares of NatWest Group stock opened at $16.18 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The company has a market cap of $64.48 billion, a PE ratio of 8.60, a P/E/G ratio of 0.84 and a beta of 0.93. The business has a 50 day moving average of $15.71 and a 200 day moving average of $16.39. NatWest Group plc has a 52 week low of $12.91 and a 52 week high of $19.35.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. As a group, equities research analysts forecast that NatWest Group plc will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NWG shares. BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods cut shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wall Street Zen upgraded shares of NatWest Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, NatWest Group has a consensus rating of “Moderate Buy”.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.