Natixis Advisors LLC recently announced the acquisition of new stake in NatWest Group plc (NYSE:NWG). The institutional investor has increased its shareholding in the Financial company by 91.97% to 4.51 million shares with purchase of 2.16 million shares. This fresh investment now brings its stake to 0.09% valued currently at $31.93 million. In addition, Goldman Sachs Asset Management LP raised its holdings by 0.26 million to 4.48 million shares. And Dimensional Fund Advisors LP has lifted its position by 7.94% or 0.31 million shares – to 4.16 million shares.
With over 3.73 million NatWest Group plc (NWG) shares trading Monday and a closing price of $6.62 on the day, the dollar volume was approximately $24.69 million. The shares have shown a positive half year performance of 6.77% and its price on 03/13/23 lost nearly -2.65%. Currently, there are 4.83B common shares owned by the public and among those 2.41B shares have been available to trade.
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The top 3 mutual fund holders in NatWest Group plc are DFA International Core Equity Por, Dimensional International Value E, and Elo Mutual Pension Insurance Comp. DFA International Core Equity Por owns 1.28 million shares of the company’s stock, all valued at over $9.04 million. The company sold 1.0 shares recently to bring their total holdings to about 0.03% of the shares outstanding. Elo Mutual Pension Insurance Comp bought 0.37 million shares to bring its total holdings to over 0.81 million shares at a value of $5.74 million. Elo Mutual Pension Insurance Comp now owns shares totaling to 0.02% of the shares outstanding.
Shares of NatWest Group plc (NYSE: NWG) opened at $6.63, down -$0.17 from a prior closing price of $6.80. However, the script later moved the day high at 6.73, down -2.65%. The company’s stock has a 5-day price change of -6.89% and 3.76% over the past three months. NWG shares are trading 2.48% year to date (YTD), with the 12-month market performance up to 22.03% higher. It has a 12-month low price of $4.70 and touched a high of $7.80 over the same period. NWG has an average intraday trading volume of 1.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.94%, -7.88%, and 7.63% respectively.
Institutional ownership of NatWest Group plc (NYSE: NWG) shares accounts for 0.90% of the company’s 4.83B shares outstanding. Mutual fund holders own 0.13%, while other institutional holders and individual stakeholders account for 0.82% and — respectively.
It has a market capitalization of $32.73B and a beta (3y monthly) value of 1.26. The stock’s trailing 12-month PE ratio is 7.66, while the earnings-per-share (ttm) stands at $0.86. The company has a PEG of 24.72 and the debt-to-equity ratio at 1.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.16% over the week and 1.54% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should shrink at an annualized rate of 0.31% over the next five years, compared to 39.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate NatWest Group plc (NWG) as a “Strong Buy” at a consensus score of 1.00. Specifically, 15 Wall Street analysts polled rate the stock as a buy, while 6 of the 22 advise that investors “hold,” and 0 rated it as a “Sell.”
HSBC Securities on their part issued Buy rating on April 22, 2022.
