Renaissance Technologies LLC Takes $1.81 Million Position in NatWest Group plc $NWG

Renaissance Technologies LLC bought a new position in shares of NatWest Group plc (NYSE:NWG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 121,300 shares of the company’s stock, valued at approximately $1,807,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its position in NatWest Group by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock valued at $715,964,000 after acquiring an additional 1,677,879 shares in the last quarter. Natixis Advisors LLC increased its holdings in NatWest Group by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 13,399,866 shares of the company’s stock worth $234,498,000 after purchasing an additional 494,472 shares in the last quarter. Morgan Stanley increased its holdings in NatWest Group by 10.0% during the 4th quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock worth $193,570,000 after purchasing an additional 1,009,044 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of NatWest Group by 0.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,858,522 shares of the company’s stock worth $120,024,000 after purchasing an additional 18,334 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of 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 purchasing an additional 20,246 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on NWG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NatWest Group in a research report on Friday, July 31st. Berenberg Bank started coverage on NatWest Group in a research report on Wednesday, June 24th. They issued a “buy” rating for the company. Wall Street Zen cut NatWest Group from a “buy” rating to a “hold” rating in a research note on Sunday. BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

Shares of NWG stock opened at $19.05 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03. The firm has a market cap of $75.90 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 0.97 and a beta of 0.92. NatWest Group plc has a 52 week low of $13.56 and a 52 week high of $19.42. The firm’s 50-day simple moving average is $17.60 and its two-hundred day simple moving average is $16.65.

NatWest Group (NYSE:NWG) last released its earnings results on Thursday, July 30th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The firm had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.90 billion. As a group, equities analysts forecast that NatWest Group plc will post 1.97 earnings per share for the current year.

NatWest Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 14th will be paid a $0.3222 dividend. The ex-dividend date is Friday, August 14th. This represents a dividend yield of 340.0%. NatWest Group’s payout ratio is presently 30.85%.

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.