Royal Bank of Canada Decreases Position in NatWest Group plc (NYSE:NWG)

Royal Bank of Canada lessened its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,655,449 shares of the company's stock after selling 65,719 shares during the quarter. Royal Bank of Canada owned about 0.07% of NatWest Group worth $27,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Point72 Asset Management L.P. boosted its position in shares of NatWest Group by 81.1% during the 4th quarter. Point72 Asset Management L.P. now owns 191,400 shares of the company's stock worth $1,947,000 after purchasing an additional 85,700 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of NatWest Group by 32.7% during the 4th quarter. Quantinno Capital Management LP now owns 374,902 shares of the company's stock worth $3,813,000 after purchasing an additional 92,324 shares in the last quarter. Millennium Management LLC boosted its position in shares of NatWest Group by 122.9% during the 4th quarter. Millennium Management LLC now owns 632,836 shares of the company's stock worth $6,436,000 after purchasing an additional 348,963 shares in the last quarter. Lazard Asset Management LLC bought a new position in NatWest Group in the 4th quarter valued at about $44,000. Finally, Focus Partners Wealth bought a new position in NatWest Group in the 4th quarter valued at about $145,000. Institutional investors own 1.27% of the company's stock.

NatWest Group Stock Performance

Shares of NWG stock traded down $0.04 during trading hours on Tuesday, hitting $14.26. 5,903,075 shares of the company were exchanged, compared to its average volume of 3,640,649. The firm has a fifty day simple moving average of $12.52 and a 200 day simple moving average of $11.34. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. NatWest Group plc has a 52-week low of $7.80 and a 52-week high of $14.42. The stock has a market capitalization of $57.43 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 0.85 and a beta of 1.01.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion for the quarter, compared to analysts' expectations of $3.80 billion. Research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NWG has been the subject of several analyst reports. BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. Citigroup reiterated a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. Finally, Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.