Connor Clark & Lunn Investment Management Ltd. Buys 167,749 Shares of NatWest Group plc (NYSE:NWG)

Posted by on May 30th, 2023

Connor Clark & Lunn Investment Management Ltd. boosted its stake in NatWest Group plc (NYSE:NWG – Get Rating) by 148.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280,433 shares of the company’s stock after purchasing an additional 167,749 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in NatWest Group were worth $1,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. HighTower Advisors LLC boosted its position in shares of NatWest Group by 15.0% during the 4th quarter. HighTower Advisors LLC now owns 12,975 shares of the company’s stock valued at $83,000 after acquiring an additional 1,696 shares during the last quarter. Addison Advisors LLC boosted its position in shares of NatWest Group by 48.1% during the 4th quarter. Addison Advisors LLC now owns 5,993 shares of the company’s stock valued at $39,000 after acquiring an additional 1,947 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of NatWest Group by 4.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 50,045 shares of the company’s stock valued at $323,000 after acquiring an additional 2,074 shares during the last quarter. Fiera Capital Corp lifted its position in NatWest Group by 8.5% in the 4th quarter. Fiera Capital Corp now owns 28,590 shares of the company’s stock worth $185,000 after buying an additional 2,248 shares during the last quarter. Finally, Comerica Bank lifted its position in NatWest Group by 2.7% in the 4th quarter. Comerica Bank now owns 93,253 shares of the company’s stock worth $694,000 after buying an additional 2,482 shares during the last quarter. Institutional investors own 0.88% of the company’s stock.

NatWest Group Trading Up 0.3 %

NYSE NWG opened at $6.67 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. NatWest Group plc has a twelve month low of $4.70 and a twelve month high of $7.80. The firm has a market capitalization of $31.78 billion, a PE ratio of 7.10, a P/E/G ratio of 0.31 and a beta of 1.28. The stock’s 50 day moving average is $6.68 and its 200 day moving average is $6.77.

Wall Street Analyst Weigh In

NWG has been the topic of a number of analyst reports. Credit Suisse Group decreased their price target on NatWest Group from GBX 390 ($4.82) to GBX 380 ($4.70) in a research note on Tuesday, February 21st. Barclays cut NatWest Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on NatWest Group from GBX 310 ($3.83) to GBX 330 ($4.08) in a research note on Tuesday, February 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $363.08.

NatWest Group Profile

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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, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.

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Institutional Ownership by Quarter for NatWest Group (NYSE:NWG)

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