10,382,579 Shares in NatWest Group plc $NWG Bought by L1 Capital Pty Ltd

by · The Markets Daily

L1 Capital Pty Ltd acquired a new position in NatWest Group plc (NYSE:NWG – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 10,382,579 shares of the company’s stock, valued at approximately $146,913,000. NatWest Group accounts for approximately 6.9% of L1 Capital Pty Ltd’s holdings, making the stock its 5th biggest position.

A number of other hedge funds have also recently modified their holdings of the business. Dogwood Wealth Management LLC bought a new position in shares of NatWest Group in the 2nd quarter worth about $26,000. Geneos Wealth Management Inc. grew its holdings in NatWest Group by 35.2% in the first quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock worth $55,000 after purchasing an additional 1,195 shares during the period. First Horizon Advisors Inc. increased its stake in shares of NatWest Group by 22.6% during the second quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock valued at $57,000 after purchasing an additional 746 shares in the last quarter. MAI Capital Management lifted its holdings in shares of NatWest Group by 410.8% during the second quarter. MAI Capital Management now owns 4,403 shares of the company’s stock valued at $62,000 after purchasing an additional 3,541 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of NatWest Group in the 2nd quarter worth approximately $73,000. Institutional investors own 1.27% of the company’s stock.

NatWest Group Trading Down 1.5%

NatWest Group stock opened at $16.50 on Friday. NatWest Group plc has a one year low of $9.16 and a one year high of $16.93. The business’s fifty day moving average is $15.58 and its 200 day moving average is $14.63. The stock has a market capitalization of $66.10 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05.

NatWest Group (NYSE:NWG – Get Free Report) last posted its earnings results on Friday, October 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. The business had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.63 billion. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. On average, sell-side analysts predict that NatWest Group plc will post 1.35 EPS for the current year.

Analyst Ratings Changes

NWG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. The Goldman Sachs Group restated a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. BNP Paribas cut shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 5th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, BNP Paribas Exane cut shares of NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

View Our Latest Stock Report on NWG

NatWest Group Company Profile

(Free Report)

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.

Further Reading

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