Cibc World Market Inc. Increases Stock Position in NatWest Group plc $NWG

Cibc World Market Inc. increased its stake in shares of NatWest Group plc (NYSE:NWG) by 9.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,435,613 shares of the company’s stock after purchasing an additional 121,522 shares during the period. Cibc World Market Inc.’s holdings in NatWest Group were worth $20,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its stake in NatWest Group by 2,941.7% during the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after purchasing an additional 1,765 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of NatWest Group by 88.7% in the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock valued at $29,000 after purchasing an additional 972 shares during the period. True Wealth Design LLC acquired a new stake in NatWest Group during the 3rd quarter worth approximately $49,000. Geneos Wealth Management Inc. boosted its position in NatWest Group by 35.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock valued at $55,000 after buying an additional 1,195 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of NatWest Group by 22.6% in the second quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock worth $57,000 after acquiring an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

Shares of NatWest Group stock opened at $16.31 on Friday. The firm has a market capitalization of $65.29 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.59 and a beta of 0.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 52 week low of $10.40 and a 52 week high of $19.35. The firm’s 50 day moving average is $17.45 and its two-hundred day moving average is $15.76.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. Zacks Research upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Barclays reissued an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus 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.