UBS Group AG Purchases 87,064 Shares of NatWest Group plc $NWG

UBS Group AG increased its position in shares of NatWest Group plc (NYSE:NWG) by 34.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 341,365 shares of the company’s stock after buying an additional 87,064 shares during the period. UBS Group AG’s holdings in NatWest Group were worth $5,974,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC raised its stake in NatWest Group by 4.5% during the third quarter. Fisher Asset Management LLC now owns 39,234,322 shares of the company’s stock worth $555,166,000 after buying an additional 1,702,930 shares during the last quarter. Capital International Investors increased its stake in NatWest Group by 1.2% in the third quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock valued at $188,764,000 after purchasing an additional 156,832 shares in the last quarter. Natixis Advisors LLC increased its stake in NatWest Group by 7.1% in the third quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock valued at $182,611,000 after purchasing an additional 851,997 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in NatWest Group by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after purchasing an additional 455,538 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in NatWest Group by 0.4% in the third quarter. Bank of America Corp DE now owns 5,575,156 shares of the company’s stock valued at $78,888,000 after purchasing an additional 20,246 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Trading Up 4.1%

Shares of NWG stock opened at $15.77 on Thursday. NatWest Group plc has a 52-week low of $12.91 and a 52-week high of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day simple moving average of $15.52 and a two-hundred day simple moving average of $16.38. The company has a market capitalization of $62.84 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 0.81 and a beta of 0.94.

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, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.80 billion. Research analysts anticipate that NatWest Group plc will post 1.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of NatWest Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings downgraded shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. 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, Keefe, Bruyette & Woods downgraded shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, NatWest Group has an average rating of “Moderate Buy”.

NatWest Group Company 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.