NatWest Group plc (NYSE:NWG) Stock Holdings Lowered by Royal Bank of Canada

Royal Bank of Canada lowered its position in shares of NatWest Group plc (NYSE:NWG) by 2.4% in the 4th quarter, Holdings Channel reports. The fund owned 2,655,449 shares of the company’s stock after selling 65,719 shares during the period. Royal Bank of Canada’s holdings in NatWest Group were worth $27,006,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. OneAscent Financial Services LLC grew its position in shares of NatWest Group by 8.2% during the fourth quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company’s stock worth $124,000 after acquiring an additional 926 shares during the last quarter. Adero Partners LLC grew its position in shares of NatWest Group by 9.5% during the fourth quarter. Adero Partners LLC now owns 11,738 shares of the company’s stock worth $119,000 after acquiring an additional 1,014 shares during the last quarter. Gallacher Capital Management LLC grew its position in shares of NatWest Group by 2.3% during the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company’s stock worth $497,000 after acquiring an additional 1,093 shares during the last quarter. Pitcairn Co. grew its position in shares of NatWest Group by 7.4% during the fourth quarter. Pitcairn Co. now owns 17,223 shares of the company’s stock worth $175,000 after acquiring an additional 1,193 shares during the last quarter. Finally, Optas LLC grew its position in shares of NatWest Group by 11.5% during the fourth quarter. Optas LLC now owns 11,912 shares of the company’s stock worth $121,000 after acquiring an additional 1,228 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

NWG stock opened at $14.32 on Friday. NatWest Group plc has a fifty-two week low of $7.80 and a fifty-two week high of $14.35. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $57.65 billion, a P/E ratio of 10.53, a PEG ratio of 0.85 and a beta of 1.01. The company has a 50-day simple moving average of $12.48 and a 200 day simple moving average of $11.29.

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

Analyst Ratings Changes

NWG has been the subject of several recent research reports. Peel Hunt lowered shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 6th. BNP Paribas downgraded shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a report on Monday, April 28th. One equities research 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’s stock. According to data from MarketBeat.com, the company 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.