Capital International Investors Cuts Stock Position in NatWest Group plc $NWG

Capital International Investors lowered its position in NatWest Group plc (NYSE:NWG) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,361,656 shares of the company’s stock after selling 169,795 shares during the period. Capital International Investors owned 0.33% of NatWest Group worth $235,031,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its holdings in NatWest Group by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock valued at $715,964,000 after purchasing an additional 1,677,879 shares in the last quarter. Natixis Advisors LLC lifted its holdings in NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 13,399,866 shares of the company’s stock valued at $234,498,000 after purchasing an additional 494,472 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of NatWest Group by 0.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,858,522 shares of the company’s stock worth $120,024,000 after acquiring an additional 18,334 shares during the last quarter. Bank of America Corp DE increased its stake in shares of NatWest Group by 0.4% in the 3rd quarter. Bank of America Corp DE now owns 5,575,156 shares of the company’s stock worth $78,888,000 after acquiring an additional 20,246 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of NatWest Group by 13.2% in the 3rd quarter. Northern Trust Corp now owns 4,422,518 shares of the company’s stock worth $62,579,000 after acquiring an additional 515,620 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

NatWest Group Price Performance

NWG opened at $15.92 on Tuesday. The stock’s 50-day moving average price is $15.76 and its 200 day moving average price is $16.39. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. NatWest Group plc has a 12-month low of $12.91 and a 12-month high of $19.35. The firm has a market cap of $63.45 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 0.84 and a beta of 0.93.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. As a group, sell-side analysts expect that NatWest Group plc will post 1.97 earnings per share 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.