BI Asset Management Fondsmaeglerselskab A S Takes $2.29 Million Position in NatWest Group plc $NWG

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in NatWest Group plc (NYSE:NWG) during the first quarter, Holdings Channel.com reports. The firm acquired 153,866 shares of the company’s stock, valued at approximately $2,293,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWG. Chase Investment Counsel Corp bought a new stake in NatWest Group during the third quarter valued at about $3,579,000. Tudor Investment Corp ET AL bought a new position in shares of NatWest Group in the third quarter worth about $6,969,000. Natixis Advisors LLC increased its stake in shares of NatWest Group by 7.1% in the third quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock worth $182,611,000 after purchasing an additional 851,997 shares during the period. Capital International Investors lifted its position in shares of NatWest Group by 1.2% during the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock worth $188,764,000 after purchasing an additional 156,832 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of NatWest Group by 10.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,784,004 shares of the company’s stock worth $25,244,000 after purchasing an additional 162,313 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NWG has been the subject of a number of research analyst reports. Weiss Ratings lowered NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen upgraded shares of NatWest Group from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Keefe, Bruyette & Woods downgraded shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. One 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

NatWest Group Trading Down 1.3%

Shares of NWG opened at $17.29 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a market cap of $68.93 billion, a PE ratio of 9.20, a PEG ratio of 0.93 and a beta of 0.93. NatWest Group plc has a 1 year low of $12.91 and a 1 year high of $19.35. The stock has a 50 day simple moving average of $16.02 and a 200-day simple moving average of $16.43.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%.The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.80 billion. On average, sell-side analysts predict that NatWest Group plc will post 1.97 EPS for the current fiscal year.

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.