JPMorgan Chase & Co. Raises Stake in NatWest Group plc $NWG

Key Points

• JPMorgan Chase & Co. increased its stake in NatWest Group by 10% in Q3 to 1,784,004 shares, worth about $25.24 million at the end of the period.
• Several other large institutions added to positions—Fisher Asset Management now owns 39,234,322 shares (~$555.17 million) and Capital International, Natixis and Goldman Sachs also raised their holdings.
• Analysts' consensus is a Moderate Buy; NatWest recently beat quarterly EPS and revenue estimates and announced a $0.621 per-share dividend (record Mar 20, payable May 5).

JPMorgan Chase & Co. increased its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,784,004 shares of the company's stock after buying an additional 162,313 shares during the quarter. JPMorgan Chase & Co.'s holdings in NatWest Group were worth $25,244,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in shares of NatWest Group by 4.5% during the 3rd 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 period. Capital International Investors raised its holdings in NatWest Group by 1.2% in the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company's stock worth $188,764,000 after purchasing an additional 156,832 shares during the period. Natixis Advisors LLC boosted its position in 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 purchasing an additional 851,997 shares in the last quarter. L1 Capital Pty Ltd purchased a new position in NatWest Group during the second quarter worth approximately $146,913,000. Finally, Goldman Sachs Group Inc. grew its holdings in NatWest Group by 7.6% in the first 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. 1.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

NatWest Group Stock Performance

Shares of NWG stock opened at $14.34 on Tuesday. The business's 50-day moving average price is $16.75 and its 200-day moving average price is $16.06. NatWest Group plc has a 12 month low of $10.40 and a 12 month high of $19.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $57.18 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.47 and a beta of 0.95.

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

NatWest Group Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, March 20th will be issued a dividend of $0.621 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a yield of 895.0%. NatWest Group's payout ratio is presently 67.60%.

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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