Capital International Investors Reduces Holdings in NatWest Group plc $NWG

Capital International Investors trimmed its holdings in shares of NatWest Group plc (NYSE:NWG) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 13,361,656 shares of the company’s stock after selling 169,795 shares during the period. Capital International Investors’ holdings in NatWest Group were worth $235,031,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in NatWest Group by 427.7% during the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock worth $26,000 after acquiring an additional 1,484 shares during the last quarter. Bessemer Group Inc. boosted its position in NatWest Group by 88.7% during the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock worth $29,000 after acquiring an additional 972 shares during the last quarter. American National Bank & Trust purchased a new position in NatWest Group during the fourth quarter worth approximately $31,000. Rachor Investment Advisory Services LLC purchased a new position in NatWest Group during the fourth quarter worth approximately $34,000. Finally, Allworth Financial LP raised its stake in NatWest Group by 186.8% during the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock worth $39,000 after purchasing an additional 1,784 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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. 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, Wall Street Zen lowered shares of NatWest Group from a “buy” rating to a “hold” rating in a research report on Saturday. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

NatWest Group Price Performance

NatWest Group stock opened at $15.92 on Tuesday. NatWest Group plc has a 52-week low of $12.91 and a 52-week high of $19.35. The firm has a fifty day moving average of $15.76 and a 200-day moving average of $16.39. The firm has a market capitalization of $63.45 billion, a P/E ratio of 8.47, a PEG ratio of 0.84 and a beta of 0.93. 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 released its quarterly earnings data on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. As a group, analysts predict 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.