Point72 Asset Management L.P. Increases Stock Holdings in NatWest Group plc (NYSE:NWG)

Point72 Asset Management L.P. lifted its position in NatWest Group plc (NYSE:NWG - Free Report) by 81.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,400 shares of the company's stock after acquiring an additional 85,700 shares during the quarter. Point72 Asset Management L.P.'s holdings in NatWest Group were worth $1,947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. OneAscent Financial Services LLC raised its holdings in shares of NatWest Group by 8.2% in the fourth quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock valued at $124,000 after acquiring an additional 926 shares in the last quarter. Adero Partners LLC raised its holdings in shares of NatWest Group by 9.5% in the fourth quarter. Adero Partners LLC now owns 11,738 shares of the company's stock valued at $119,000 after acquiring an additional 1,014 shares in the last quarter. Gallacher Capital Management LLC raised its holdings in shares of NatWest Group by 2.3% in the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company's stock valued at $497,000 after acquiring an additional 1,093 shares in the last quarter. Pitcairn Co. raised its holdings in NatWest Group by 7.4% in the fourth quarter. Pitcairn Co. now owns 17,223 shares of the company's stock worth $175,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Optas LLC raised its holdings in NatWest Group by 11.5% in the fourth quarter. Optas LLC now owns 11,912 shares of the company's stock worth $121,000 after purchasing an additional 1,228 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Stock Performance

NYSE NWG traded up $0.04 during trading hours on Tuesday, reaching $14.34. The stock had a trading volume of 1,332,160 shares, compared to its average volume of 3,624,586. The stock has a fifty day moving average of $12.52 and a 200 day moving average of $11.34. The stock has a market cap of $57.73 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. NatWest Group plc has a 52-week low of $7.80 and a 52-week high of $14.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06.

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

Analysts Set New Price Targets

A number of equities analysts have commented on NWG shares. BNP Paribas downgraded shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Peel Hunt downgraded shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. Finally, Citigroup reiterated a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NatWest Group presently has a consensus 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.