Bank of Montreal Can Raises Stock Holdings in NatWest Group plc $NWG

Key Points

• Bank of Montreal Can raised its stake in NatWest Group by 136% in the 3rd quarter, adding 1,886,141 shares to hold 3,273,212 shares worth about $46.3 million per its latest 13F filing.
• NatWest beat quarterly estimates with $0.46 EPS versus $0.38 expected and $5.74B in revenue, and the company announced a $0.621 dividend (ex-dividend date March 20, payable May 5).
• The stock is trading lower (down 3.6%), with a market capitalization of about $61.21 billion, a P/E of 8.56, and a 52-week range of $10.40–$19.35.

Bank of Montreal Can raised its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 136.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,273,212 shares of the company's stock after buying an additional 1,886,141 shares during the period. Bank of Montreal Can owned about 0.08% of NatWest Group worth $46,316,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in shares of NatWest Group by 4.5% during the third quarter. Fisher Asset Management LLC now owns 39,234,322 shares of the company's stock valued at $555,166,000 after acquiring an additional 1,702,930 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of NatWest Group by 7.1% in the third quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company's stock worth $182,611,000 after purchasing an additional 851,997 shares during the last quarter. L1 Capital Pty Ltd purchased a new position in NatWest Group during the 2nd quarter valued at about $146,913,000. Goldman Sachs Group Inc. increased its holdings in NatWest Group by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company's stock valued at $77,181,000 after purchasing an additional 455,538 shares during the period. Finally, Bank of America Corp DE raised its position in NatWest Group by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 5,554,910 shares of the company's stock valued at $78,602,000 after purchasing an additional 231,732 shares during the last quarter. Institutional investors own 1.27% of the company's stock.

NatWest Group Stock Down 3.6%

Shares of NYSE:NWG opened at $15.32 on Friday. The firm has a market capitalization of $61.21 billion, a P/E ratio of 8.56, a P/E/G ratio of 0.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50 day moving average price of $17.11 and a 200-day moving average price of $16.01. NatWest Group plc has a 52-week low of $10.40 and a 52-week high of $19.35.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.08. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%. As a group, equities research analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, March 20th will be given a $0.621 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a dividend yield of 743.0%. NatWest Group's dividend payout ratio is currently 27.93%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NWG shares. Weiss Ratings reissued a "buy (b)" rating on shares of NatWest Group in a research note on Thursday, January 22nd. Barclays reaffirmed an "equal weight" rating on shares of NatWest Group in a research note on Wednesday, January 7th. The Goldman Sachs Group reissued a "neutral" rating on shares of NatWest Group in a research report on Thursday, December 4th. Zacks Research upgraded shares of NatWest Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 10th. Finally, BNP Paribas Exane raised shares of NatWest Group from a "strong sell" rating to a "hold" rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

About NatWest Group

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.

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