Natixis Advisors LLC Acquires 494,472 Shares of NatWest Group plc $NWG

Natixis Advisors LLC increased its holdings in shares of NatWest Group plc (NYSE:NWG) by 3.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,399,866 shares of the company’s stock after purchasing an additional 494,472 shares during the quarter. Natixis Advisors LLC’s holdings in NatWest Group were worth $234,498,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wealthstar Advisors LLC increased its stake in NatWest Group by 1.5% in the 4th 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 increased its position in shares of NatWest Group by 2.4% in the second quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock valued at $414,000 after acquiring an additional 697 shares during the last quarter. Vise Technologies Inc. raised its holdings in NatWest Group by 1.6% during the third quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock worth $662,000 after acquiring an additional 733 shares in the last quarter. Perigon Wealth Management LLC grew 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 purchasing an additional 812 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of NatWest Group by 28.0% during the 4th quarter. Private Trust Co. NA now owns 4,307 shares of the company’s stock worth $75,000 after purchasing an additional 941 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NWG. Wall Street Zen raised shares of NatWest Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. 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. 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. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

NatWest Group Stock Down 0.6%

NWG opened at $15.95 on Tuesday. NatWest Group plc has a fifty-two week low of $12.91 and a fifty-two 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 market capitalization of $63.56 billion, a P/E ratio of 8.48, a P/E/G ratio of 0.86 and a beta of 0.94. The stock has a fifty day moving average of $15.59 and a 200-day moving average of $16.39.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, May 1st. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04. The firm had revenue of $5.59 billion during 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%. On average, equities analysts expect 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.