Fisher Asset Management LLC Buys 1,677,879 Shares of NatWest Group plc $NWG

Fisher Asset Management LLC boosted its stake in shares of NatWest Group plc (NYSE:NWG) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,912,201 shares of the company’s stock after purchasing an additional 1,677,879 shares during the period. Fisher Asset Management LLC’s holdings in NatWest Group were worth $715,964,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Capital International Investors raised its position in NatWest Group by 1.2% in the third quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock worth $188,764,000 after acquiring an additional 156,832 shares during the period. Natixis Advisors LLC raised its position in NatWest Group by 7.1% in the third quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock worth $182,611,000 after acquiring an additional 851,997 shares during the period. Goldman Sachs Group Inc. raised its position in NatWest Group by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock worth $77,181,000 after acquiring an additional 455,538 shares during the period. Bank of America Corp DE raised its position in NatWest Group by 0.4% in the third quarter. Bank of America Corp DE now owns 5,575,156 shares of the company’s stock worth $78,888,000 after acquiring an additional 20,246 shares during the period. Finally, Northern Trust Corp raised its position in NatWest Group by 13.2% in the third quarter. Northern Trust Corp now owns 4,422,518 shares of the company’s stock worth $62,579,000 after acquiring an additional 515,620 shares during the period. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Stock Performance

Shares of NYSE NWG opened at $15.66 on Monday. The firm has a fifty day moving average price of $15.51 and a 200-day moving average price of $16.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $62.42 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. NatWest Group plc has a 1 year low of $12.91 and a 1 year high of $19.35.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The firm 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%. Equities analysts anticipate that NatWest Group plc will post 1.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

NatWest Group Company 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.