O Shaughnessy Asset Management LLC Purchases 57,771 Shares of NatWest Group plc $NWG

O Shaughnessy Asset Management LLC lifted its position in shares of NatWest Group plc (NYSE:NWG) by 4.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,370,108 shares of the company’s stock after buying an additional 57,771 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in NatWest Group were worth $23,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. ABC Arbitrage SA increased its stake in shares of NatWest Group by 29.2% during the third quarter. ABC Arbitrage SA now owns 1,102,971 shares of the company’s stock worth $15,607,000 after purchasing an additional 249,117 shares during the period. Chase Investment Counsel Corp bought a new position in NatWest Group during the 3rd quarter worth $3,579,000. Tudor Investment Corp ET AL bought a new position in NatWest Group during the 3rd quarter worth $6,969,000. Natixis Advisors LLC increased its stake in NatWest Group by 7.1% during the 3rd 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. Finally, Capital International Investors increased its stake in NatWest Group by 1.2% during the 3rd 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. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

NatWest Group stock opened at $15.92 on Tuesday. The business has a 50 day moving average of $15.76 and a 200-day moving average of $16.39. The company has a market capitalization of $63.45 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.84 and a beta of 0.93. NatWest Group plc has a 1 year low of $12.91 and a 1 year high of $19.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%. On average, equities research analysts predict that NatWest Group plc will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.