ABC Arbitrage SA Lowers Holdings in NatWest Group plc $NWG

ABC Arbitrage SA trimmed its position in NatWest Group plc (NYSE:NWG) by 9.4% in the 1st quarter, Holdings Channel reports. The firm owned 1,291,096 shares of the company’s stock after selling 134,050 shares during the quarter. NatWest Group accounts for 2.6% of ABC Arbitrage SA’s holdings, making the stock its 11th largest position. ABC Arbitrage SA’s holdings in NatWest Group were worth $19,237,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in shares of NatWest Group by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock worth $715,964,000 after buying an additional 1,677,879 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of NatWest Group during the third quarter worth about $16,650,000. Morgan Stanley increased its position in shares of NatWest Group by 10.0% in the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock worth $193,570,000 after purchasing an additional 1,009,044 shares during the last quarter. Citadel Advisors LLC lifted its position in NatWest Group by 150.7% during the third quarter. Citadel Advisors LLC now owns 1,612,872 shares of the company’s stock valued at $22,822,000 after purchasing an additional 969,546 shares during the last quarter. Finally, Millennium Management LLC grew its stake in NatWest Group by 42.4% in the 3rd quarter. Millennium Management LLC now owns 3,166,315 shares of the company’s stock worth $44,803,000 after buying an additional 942,059 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Down 1.3%

NWG opened at $17.53 on Tuesday. 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 $13.16 and a 12 month high of $19.35. The business’s 50-day moving average price is $16.44 and its 200-day moving average price is $16.51. The company has a market cap of $69.88 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.91 and a beta of 0.92.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, May 1st. The company reported $0.48 earnings per share 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 firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. On average, equities analysts expect that NatWest Group plc will post 1.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Keefe, Bruyette & Woods cut NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Berenberg Bank initiated coverage on shares of NatWest Group in a report on Wednesday, June 24th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.