NatWest Group plc $NWG Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC raised its stake in NatWest Group by 7.1% in Q3, buying 851,997 shares to hold 12,905,394 shares (about a 0.32% stake) valued at roughly $182.6 million.
• Other large institutions also increased positions—Fisher Asset Management now owns 39.23 million shares (~$555.2 million) and L1 Capital opened a new ~$146.9 million position—while institutional/hedge funds collectively hold about 1.27% of the stock.
• NatWest beat expectations last quarter with EPS of $0.46 versus a $0.38 consensus and revenue of $5.74 billion, and it announced a $0.621 dividend payable May 5 (ex-dividend March 20) with a payout ratio around 27.9%.

Natixis Advisors LLC increased its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,905,394 shares of the company's stock after buying an additional 851,997 shares during the quarter. Natixis Advisors LLC owned about 0.32% of NatWest Group worth $182,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in shares of NatWest Group by 4.5% in the 3rd quarter. Fisher Asset Management LLC now owns 39,234,322 shares of the company's stock valued at $555,166,000 after purchasing an additional 1,702,930 shares in the last quarter. L1 Capital Pty Ltd purchased a new position in shares of NatWest Group in the second quarter valued at $146,913,000. Goldman Sachs Group Inc. boosted its position in NatWest Group by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company's stock valued at $77,181,000 after buying an additional 455,538 shares during the last quarter. Bank of America Corp DE boosted its holdings in NatWest Group by 4.4% in the second 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. Finally, Todd Asset Management LLC grew its stake in NatWest Group by 5.7% during the 3rd quarter. Todd Asset Management LLC now owns 4,298,453 shares of the company's stock valued at $60,823,000 after purchasing an additional 232,458 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NWG shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NatWest Group in a research report on Thursday, January 22nd. The Goldman Sachs Group reissued a "neutral" rating on shares of NatWest Group in a research 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. Barclays reiterated an "equal weight" rating on shares of NatWest Group in a research note on Wednesday, January 7th. Finally, BNP Paribas Exane upgraded NatWest Group from a "strong sell" rating to a "hold" rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, NatWest Group has an average rating of "Moderate Buy".

NatWest Group Stock Performance

NWG opened at $15.52 on Friday. The business's 50 day moving average is $17.26 and its 200-day moving average is $16.01. 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 stock has a market cap of $62.01 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95. NatWest Group plc has a twelve month low of $10.40 and a twelve month high of $19.35.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.08. The company had revenue of $5.74 billion during 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%. On average, analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Announces Dividend

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

NatWest Group Company 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.

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.