Clearbridge Investments LLC Has $126.53 Million Stake in NatWest Group plc $NWG

Clearbridge Investments LLC decreased its position in shares of NatWest Group plc (NYSE:NWG) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,230,451 shares of the company’s stock after selling 112,915 shares during the period. Clearbridge Investments LLC owned 0.18% of NatWest Group worth $126,533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NWG. Wealthstar Advisors LLC raised its position in shares of NatWest Group by 1.5% during the fourth quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company’s stock valued at $710,000 after buying an additional 595 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of NatWest Group by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock valued at $414,000 after buying an additional 697 shares during the last quarter. Vise Technologies Inc. raised its position in shares of NatWest Group by 1.6% during the third quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock valued at $662,000 after buying an additional 733 shares during the last quarter. Perigon Wealth Management LLC increased its stake in NatWest Group by 5.6% in the fourth quarter. Perigon Wealth Management LLC now owns 15,342 shares of the company’s stock valued at $268,000 after acquiring an additional 812 shares during the period. Finally, Private Trust Co. NA increased its stake in NatWest Group by 28.0% in the fourth quarter. Private Trust Co. NA now owns 4,307 shares of the company’s stock valued at $75,000 after acquiring an additional 941 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NatWest Group Trading Up 0.0%

Shares of NYSE NWG opened at $15.80 on Monday. The company’s 50 day simple moving average is $15.73 and its 200 day simple moving average is $16.39. NatWest Group plc has a fifty-two week low of $12.91 and a fifty-two week high of $19.35. The firm has a market capitalization of $62.97 billion, a P/E ratio of 8.40, a P/E/G ratio of 0.84 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data 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. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.80 billion. On average, analysts predict that NatWest Group plc will post 1.97 EPS for the current year.

NatWest Group Profile

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.