Envestnet Asset Management Inc. Has $49.24 Million Position in NatWest Group plc $NWG

Envestnet Asset Management Inc. boosted its stake in NatWest Group plc (NYSE:NWG) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,479,942 shares of the company’s stock after purchasing an additional 175,661 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of NatWest Group worth $49,241,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of NatWest Group by 47.0% in the 1st quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock valued at $3,357,000 after buying an additional 90,057 shares during the period. NewEdge Advisors LLC boosted its holdings in NatWest Group by 14,445.1% in the first quarter. NewEdge Advisors LLC now owns 14,836 shares of the company’s stock worth $177,000 after acquiring an additional 14,734 shares in the last quarter. Goldman Sachs Group Inc. grew 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 acquiring an additional 455,538 shares during the period. Jane Street Group LLC bought a new stake in shares of NatWest Group during the first quarter valued at approximately $2,282,000. Finally, Focus Partners Wealth lifted its holdings in shares of NatWest Group by 70.6% in the 1st quarter. Focus Partners Wealth now owns 24,251 shares of the company’s stock worth $290,000 after purchasing an additional 10,034 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analysts Set New Price Targets

NWG has been the topic of several research reports. The Goldman Sachs Group restated a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research report on Thursday, January 22nd. Finally, Barclays reissued an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

NatWest Group Stock Down 6.0%

NWG opened at $17.02 on Tuesday. NatWest Group plc has a fifty-two week low of $10.40 and a fifty-two week high of $19.35. The firm has a market capitalization of $68.14 billion, a P/E ratio of 9.90, a PEG ratio of 0.65 and a beta of 0.96. The company’s 50-day moving average is $17.46 and its 200 day moving average is $15.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05.

Key Headlines Impacting NatWest Group

Here are the key news stories impacting NatWest Group this week:

• Positive Sentiment: Deal expands wealth franchise and AUM materially — the acquisition more than doubles NatWest’s assets under management/administration, boosting fee-income mix and private banking scale. NatWest Agrees to Buy Wealth Manager Evelyn Partners for $3.7 Billion
• Positive Sentiment: £750m share buyback signals capital return commitment and should be supportive for the share base and EPS over time. NatWest to buy Evelyn Partners for £2.7B, announces £750M share buyback
• Neutral Sentiment: M&A call transcript available — management commentary (integration plans, expected synergies, financing and timing) will be key to monitor for execution risk and the pace at which the deal meaningfully contributes to earnings. NatWest Group plc (NWG) M&A Call Transcript
• Negative Sentiment: Market reaction was negative — shares fell after the announcement as investors questioned the price paid and whether expected cost savings and integration gains justify the premium, especially with results due this week. NatWest shares fall after deal Has NatWest overpaid for Evelyn or should have chosen Rathbones?

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.