Point72 Asset Management L.P. grew its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 81.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 191,400 shares of the company's stock after buying an additional 85,700 shares during the period. Point72 Asset Management L.P.'s holdings in NatWest Group were worth $1,947,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in NatWest Group in the fourth quarter valued at $27,339,000. Northern Trust Corp grew its stake in shares of NatWest Group by 45.6% in the 4th quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock valued at $32,982,000 after buying an additional 1,014,926 shares during the period. Bank of America Corp DE increased its position in NatWest Group by 25.1% in the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock valued at $47,924,000 after buying an additional 944,464 shares in the last quarter. ABC Arbitrage SA acquired a new position in NatWest Group during the 4th quarter worth approximately $9,578,000. Finally, JPMorgan Chase & Co. boosted its holdings in NatWest Group by 1,506.7% in the fourth quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company's stock worth $7,630,000 after acquiring an additional 703,534 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.
NatWest Group Stock Up 0.2%
NWG stock opened at $13.97 on Thursday. The stock's 50 day moving average is $12.39 and its 200-day moving average is $11.23. NatWest Group plc has a twelve month low of $7.80 and a twelve month high of $14.13. The firm has a market capitalization of $56.24 billion, a PE ratio of 10.27, a P/E/G ratio of 0.85 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16.
NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $3.80 billion. Sell-side analysts expect that NatWest Group plc will post 1.35 EPS for the current fiscal year.
Analyst Ratings Changes
NWG has been the subject of several recent research reports. Peel Hunt downgraded NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. Finally, Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".
Get Our Latest Analysis on NWG
About NatWest Group
(
Free Report)
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.
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