Fisher Asset Management LLC Boosts Stock Holdings in NatWest Group plc $NWG

Fisher Asset Management LLC increased its holdings in shares of NatWest Group plc (NYSE:NWG) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,234,322 shares of the company’s stock after buying an additional 1,702,930 shares during the quarter. Fisher Asset Management LLC’s holdings in NatWest Group were worth $555,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. American Century Companies Inc. raised its position in shares of NatWest Group by 15.8% in the 3rd quarter. American Century Companies Inc. now owns 1,796,238 shares of the company’s stock valued at $25,417,000 after purchasing an additional 245,523 shares during the last quarter. Quantbot Technologies LP increased its stake in NatWest Group by 197.9% during the 3rd quarter. Quantbot Technologies LP now owns 203,330 shares of the company’s stock valued at $2,877,000 after purchasing an additional 135,087 shares in the last quarter. AlphaCore Capital LLC increased its stake in NatWest Group by 283.3% during the 3rd quarter. AlphaCore Capital LLC now owns 19,836 shares of the company’s stock valued at $281,000 after purchasing an additional 14,661 shares in the last quarter. US Bancorp DE raised its holdings in shares of NatWest Group by 12.4% in the third quarter. US Bancorp DE now owns 707,430 shares of the company’s stock worth $10,010,000 after buying an additional 78,179 shares during the last quarter. Finally, Chase Investment Counsel Corp acquired a new stake in shares of NatWest Group during the third quarter worth $3,579,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Trading Down 2.8%

Shares of NYSE:NWG opened at $16.58 on Monday. The company has a market capitalization of $66.25 billion, a PE ratio of 9.26, a PEG ratio of 0.56 and a beta of 0.95. 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 business has a 50 day moving average of $17.42 and a two-hundred day moving average of $15.98. NatWest Group plc has a 12-month low of $10.40 and a 12-month high of $19.35.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%.The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.59 billion. As a group, analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, March 20th will be issued 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 (DPR) is 27.93%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. BNP Paribas Exane raised NatWest Group from a “strong sell” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. Zacks Research upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. Finally, Barclays reiterated an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

NatWest Group 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.