Clearbridge Investments LLC Has $126.53 Million Position in NatWest Group plc $NWG

Clearbridge Investments LLC cut its position in NatWest Group plc (NYSE:NWG) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 7,230,451 shares of the company’s stock after selling 112,915 shares during the quarter. Clearbridge Investments LLC’s holdings in NatWest Group were worth $126,533,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ABC Arbitrage SA raised its holdings in NatWest Group by 29.2% in the third quarter. ABC Arbitrage SA now owns 1,102,971 shares of the company’s stock worth $15,607,000 after purchasing an additional 249,117 shares during the period. Chase Investment Counsel Corp acquired a new stake in NatWest Group in the third quarter worth $3,579,000. Tudor Investment Corp ET AL acquired a new stake in NatWest Group in the third quarter worth $6,969,000. Natixis Advisors LLC raised its holdings in shares of NatWest Group by 7.1% during the third 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 during the period. Finally, Capital International Investors raised its holdings in shares of NatWest Group by 1.2% during the third 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 during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

NatWest Group Stock Up 0.0%

NatWest Group stock opened at $15.80 on Monday. The company has a market cap of $62.97 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93. NatWest Group plc has a 1-year low of $12.91 and a 1-year high of $19.35. The company has a fifty day simple moving average of $15.73 and a 200 day simple moving average of $16.39. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $5.59 billion during 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%. Research analysts anticipate 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.