2,091,148 NatWest Group plc $NWG Shares Sold by Fisher Asset Management LLC

Key Points

• Fisher Asset Management cut its NatWest stake by 55.8% in the third quarter, selling 2,091,148 shares. It held 1,654,512 shares, valued at about $30 million, after the sales.
• Other institutional investors reported increasing their positions, including Russell Investments Group, Ritholtz Wealth Management, and KeyBank. Hedge funds and institutions collectively owned 1.27% of NatWest shares.
• NatWest reported quarterly EPS of $0.52, slightly ahead of estimates, while revenue of $6.08 billion fell short of forecasts. Analysts’ average rating was Moderate Buy.

Fisher Asset Management LLC lowered its position in NatWest Group plc (NYSE:NWG - Free Report) by 55.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,654,512 shares of the company's stock after selling 2,091,148 shares during the period. Fisher Asset Management LLC's holdings in NatWest Group were worth $30,029,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NWG. Russell Investments Group Ltd. lifted its position in NatWest Group by 70.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 228,003 shares of the company's stock valued at $4,138,000 after acquiring an additional 94,174 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of NatWest Group by 6.4% during the third quarter. Ritholtz Wealth Management now owns 463,218 shares of the company's stock valued at $8,407,000 after buying an additional 27,739 shares during the last quarter. First Command Advisory Services Inc. boosted its position in shares of NatWest Group by 963.3% during the third quarter. First Command Advisory Services Inc. now owns 63,130 shares of the company's stock valued at $1,146,000 after buying an additional 57,193 shares during the last quarter. Lido Advisors LLC bought a new stake in NatWest Group during the third quarter worth $202,000. Finally, Keybank National Association OH grew its holdings in NatWest Group by 27.7% during the third quarter. Keybank National Association OH now owns 56,020 shares of the company's stock worth $1,017,000 after buying an additional 12,137 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

NatWest Group Stock Performance

Shares of NYSE:NWG traded up $0.10 during mid-day trading on Friday, reaching $15.82. The company had a trading volume of 2,377,098 shares, compared to its average volume of 4,764,970. NatWest Group plc has a one year low of $13.76 and a one year high of $19.42. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The company's 50-day moving average price is $17.42 and its 200-day moving average price is $17.00. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.81 and a beta of 1.02.

NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, October 30th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. The business had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $6.18 billion. NatWest Group had a return on equity of 13.75% and a net margin of 19.61%. As a group, equities research analysts anticipate that NatWest Group plc will post 1.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NWG shares. Weiss Ratings lowered shares of NatWest Group from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, October 23rd. Barclays upgraded shares of NatWest Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, October 13th. Wall Street Zen downgraded shares of NatWest Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Zacks Research lowered shares of NatWest Group from a "hold" rating to a "strong sell" rating in a research note on Friday, November 6th. Finally, Morgan Stanley raised shares of NatWest Group from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, NatWest Group currently has an average rating of "Moderate Buy".

NatWest Group Profile

NatWest Group plc is a UK banking and financial services group headquartered in Edinburgh, Scotland. Formerly known as The Royal Bank of Scotland Group, it adopted the NatWest Group name in 2020. Its principal brands include NatWest, the Royal Bank of Scotland, Ulster Bank and Coutts. The group serves personal, business and institutional customers. Its services include current and savings accounts, mortgages, personal lending, business finance, payment services, private banking and wealth management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.