NatWest Group plc $NWG Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in shares of NatWest Group plc (NYSE:NWG) by 8.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 420,712 shares of the company’s stock after acquiring an additional 32,314 shares during the period. Ritholtz Wealth Management’s holdings in NatWest Group were worth $6,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NWG. Fisher Asset Management LLC raised its stake in NatWest Group by 4.3% during the 4th quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock valued at $715,964,000 after acquiring an additional 1,677,879 shares during the last quarter. Capital International Investors raised its position in NatWest Group by 1.2% during the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock worth $188,764,000 after buying an additional 156,832 shares during the last quarter. Natixis Advisors LLC raised its holdings in NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 13,399,866 shares of the company’s stock worth $234,498,000 after purchasing an additional 494,472 shares in the last quarter. Morgan Stanley raised its holdings in NatWest Group by 10.0% during the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock worth $193,570,000 after purchasing an additional 1,009,044 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in NatWest Group by 0.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,858,522 shares of the company’s stock valued at $120,024,000 after purchasing an additional 18,334 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered NatWest Group from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings cut NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Zacks Research downgraded NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Berenberg Bank assumed coverage on NatWest Group in a report on Wednesday. They set a “buy” rating on the stock. Finally, BNP Paribas Exane upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

NatWest Group Stock Down 1.6%

Shares of NYSE NWG opened at $17.00 on Thursday. The stock has a market capitalization of $67.76 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.92 and a beta of 0.93. NatWest Group plc has a 52 week low of $12.91 and a 52 week high of $19.35. The firm has a 50-day moving average price of $16.03 and a 200 day moving average price of $16.44. 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 issued its earnings results on Friday, May 1st. The company reported $0.48 earnings per share 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 for the quarter, compared to analyst estimates of $5.80 billion. Equities research analysts anticipate that NatWest Group plc will post 1.97 EPS 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.