Connor Clark & Lunn Investment Management Ltd. Has $3.59 Million Holdings in NatWest Group plc $NWG

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of NatWest Group plc (NYSE:NWG) by 57.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 253,484 shares of the company’s stock after selling 347,259 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in NatWest Group were worth $3,587,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NWG. Natixis Advisors LLC lifted its stake in NatWest Group by 11.8% in the 1st quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company’s stock valued at $148,162,000 after purchasing an additional 1,311,476 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of NatWest Group by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after acquiring an additional 455,538 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of NatWest Group by 11.0% during the 1st quarter. Northern Trust Corp now owns 3,599,561 shares of the company’s stock valued at $42,907,000 after acquiring an additional 356,483 shares in the last quarter. Envestnet Asset Management Inc. grew its position in NatWest Group by 20.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,304,281 shares of the company’s stock worth $46,756,000 after acquiring an additional 559,731 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in NatWest Group by 20.3% in the 1st quarter. Raymond James Financial Inc. now owns 3,233,255 shares of the company’s stock worth $38,540,000 after purchasing an additional 545,017 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NWG. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. BNP Paribas lowered shares of NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. BNP Paribas Exane lowered NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Finally, Zacks Research raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, NatWest Group presently has a consensus rating of “Hold”.

NatWest Group Price Performance

NatWest Group stock opened at $15.83 on Friday. The stock has a market capitalization of $63.63 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.66 and a beta of 1.12. NatWest Group plc has a 52-week low of $9.16 and a 52-week high of $16.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. The stock’s 50 day moving average price is $14.80 and its two-hundred day moving average price is $14.24.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, October 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. The company had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.63 billion. On average, equities analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.