Cibc World Market Inc. Raises Position in NatWest Group plc $NWG

Cibc World Market Inc. raised its position in shares of NatWest Group plc (NYSE:NWG) by 20.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,726,761 shares of the company’s stock after acquiring an additional 291,148 shares during the period. Cibc World Market Inc.’s holdings in NatWest Group were worth $30,218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. ABC Arbitrage SA boosted its holdings in shares of NatWest Group by 29.2% during the 3rd quarter. ABC Arbitrage SA now owns 1,102,971 shares of the company’s stock valued at $15,607,000 after buying an additional 249,117 shares in the last quarter. Chase Investment Counsel Corp bought a new position in shares of NatWest Group in the 3rd quarter worth about $3,579,000. Tudor Investment Corp ET AL bought a new position in shares of NatWest Group in the 3rd quarter worth about $6,969,000. Natixis Advisors LLC lifted its position in NatWest Group by 7.1% during the 3rd quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock valued at $182,611,000 after acquiring an additional 851,997 shares during the period. Finally, Capital International Investors lifted its position in NatWest Group by 1.2% during the 3rd quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock valued at $188,764,000 after acquiring an additional 156,832 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NWG. Weiss Ratings cut shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Keefe, Bruyette & Woods cut NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded NatWest Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, NatWest Group presently has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

Shares of NWG stock opened at $16.18 on Friday. The company has a market capitalization of $64.48 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. NatWest Group plc has a one year low of $12.91 and a one year high of $19.35. The company’s 50-day moving average is $15.71 and its 200 day moving average is $16.39.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. Sell-side analysts expect that NatWest Group plc will post 1.97 EPS for the current fiscal year.

About NatWest Group

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.