Todd Asset Management LLC Sells 59,783 Shares of NatWest Group plc $NWG

Todd Asset Management LLC lessened its position in shares of NatWest Group plc (NYSE:NWG) by 1.4% in the fourth quarter, HoldingsChannel reports. The fund owned 4,238,670 shares of the company’s stock after selling 59,783 shares during the period. NatWest Group accounts for approximately 1.4% of Todd Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Todd Asset Management LLC’s holdings in NatWest Group were worth $74,177,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Wealthstar Advisors LLC boosted its holdings in shares of NatWest Group by 1.5% during the fourth quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company’s stock worth $710,000 after acquiring an additional 595 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of NatWest Group by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock worth $414,000 after acquiring an additional 697 shares during the period. Vise Technologies Inc. boosted its holdings in shares of NatWest Group by 1.6% during the third quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock worth $662,000 after acquiring an additional 733 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of NatWest Group by 5.6% during the fourth quarter. Perigon Wealth Management LLC now owns 15,342 shares of the company’s stock worth $268,000 after acquiring an additional 812 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of NatWest Group by 28.0% during the fourth quarter. Private Trust Co. NA now owns 4,307 shares of the company’s stock worth $75,000 after acquiring an additional 941 shares during the period. Institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NWG shares. Keefe, Bruyette & Woods cut NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings downgraded shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Wall Street Zen raised shares of NatWest Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

NatWest Group Trading Down 0.0%

NWG opened at $15.66 on Monday. NatWest Group plc has a fifty-two week low of $12.91 and a fifty-two week high of $19.35. The company’s 50-day moving average is $15.51 and its 200 day moving average is $16.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $62.42 billion, a PE ratio of 8.33, a P/E/G ratio of 0.84 and a beta of 0.94.

NatWest Group (NYSE:NWG) last announced 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 firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. As a group, research analysts predict that NatWest Group plc will post 1.97 earnings per share 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.