Fisher Asset Management LLC Buys 1,702,930 Shares of NatWest Group plc $NWG

Fisher Asset Management LLC raised its stake in NatWest Group plc (NYSE:NWG) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,234,322 shares of the company’s stock after acquiring an additional 1,702,930 shares during the period. Fisher Asset Management LLC owned approximately 0.98% of NatWest Group worth $555,166,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. L1 Capital Pty Ltd purchased a new stake in NatWest Group during the 2nd quarter valued at about $146,913,000. Goldman Sachs Group Inc. lifted its stake in shares of 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 buying an additional 455,538 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of NatWest Group by 4.4% during the second quarter. Bank of America Corp DE now owns 5,554,910 shares of the company’s stock valued at $78,602,000 after buying an additional 231,732 shares during the last quarter. Todd Asset Management LLC raised its holdings in NatWest Group by 5.7% in the 3rd quarter. Todd Asset Management LLC now owns 4,298,453 shares of the company’s stock worth $60,823,000 after acquiring an additional 232,458 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in NatWest Group by 20.0% in the 2nd quarter. Raymond James Financial Inc. now owns 3,881,083 shares of the company’s stock valued at $54,917,000 after acquiring an additional 647,828 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

NatWest Group Stock Down 2.8%

Shares of NYSE:NWG opened at $16.58 on Monday. The firm has a market capitalization of $66.25 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. The business has a 50 day simple moving average of $17.42 and a two-hundred day simple moving average of $15.98. NatWest Group plc has a 1 year low of $10.40 and a 1 year high of $19.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.46 earnings per share (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 during the quarter, compared to analyst estimates of $5.59 billion. On average, equities analysts predict that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.621 per share. This represents a dividend yield of 743.0%. The ex-dividend date of this dividend is Friday, March 20th. NatWest Group’s payout ratio is currently 27.93%.

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.