Prospera Financial Services Inc Has $2.86 Million Stock Position in NatWest Group plc $NWG

Prospera Financial Services Inc boosted its stake in shares of NatWest Group plc (NYSE:NWG) by 71.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 163,117 shares of the company’s stock after buying an additional 68,224 shares during the period. Prospera Financial Services Inc’s holdings in NatWest Group were worth $2,855,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Fisher Asset Management LLC raised its holdings in NatWest Group by 4.5% during the 3rd 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 period. Capital International Investors grew its stake 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 acquiring an additional 156,832 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of NatWest Group by 7.1% during the 3rd quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock worth $182,611,000 after acquiring an additional 851,997 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of NatWest Group by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock worth $77,181,000 after acquiring an additional 455,538 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of NatWest Group by 0.4% during 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 in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NWG. 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. 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. 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, Wall Street Zen raised shares of NatWest Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One investment 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 currently has a consensus rating of “Moderate Buy”.

NatWest Group Price Performance

Shares of NWG opened at $16.13 on Wednesday. The stock has a market capitalization of $64.30 billion, a P/E ratio of 8.58, a P/E/G ratio of 0.84 and a beta of 0.94. NatWest Group plc has a twelve month low of $12.91 and a twelve month high of $19.35. The company has a 50 day moving average of $15.54 and a 200-day moving average of $16.39. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15.

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