NatWest Group plc (NYSE:NWG) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its holdings in shares of NatWest Group plc (NYSE:NWG – Get Rating) by 38.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,779 shares of the company’s stock after selling 7,843 shares during the period. M&T Bank Corp’s holdings in NatWest Group were worth $88,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Checchi Capital Advisers LLC lifted its stake in NatWest Group by 8.8% during the fourth quarter. Checchi Capital Advisers LLC now owns 17,579 shares of the company’s stock valued at $114,000 after purchasing an additional 1,422 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of NatWest Group by 15.0% in 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 in the last quarter. Addison Advisors LLC lifted its position in shares of NatWest Group by 48.1% in 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 in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of NatWest Group by 4.3% in 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 in the last quarter. Finally, Fiera Capital Corp lifted its position in shares of NatWest Group by 8.5% in the 4th quarter. Fiera Capital Corp now owns 28,590 shares of the company’s stock valued at $185,000 after acquiring an additional 2,248 shares in the last quarter. 0.88% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

NWG has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of NatWest Group from GBX 310 ($3.85) to GBX 330 ($4.10) in a research note on Tuesday, February 21st. Credit Suisse Group dropped their target price on shares of NatWest Group from GBX 390 ($4.85) to GBX 380 ($4.72) in a report on Tuesday, February 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, NatWest Group currently has an average rating of “Hold” and a consensus target price of $363.08.

NatWest Group Price Performance

Shares of NatWest Group stock opened at $6.51 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50-day simple moving average is $6.68 and its 200-day simple moving average is $6.79. NatWest Group plc has a twelve month low of $4.70 and a twelve month high of $7.80. The firm has a market cap of $31.02 billion, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 0.30 and a beta of 1.28.

NatWest Group (NYSE:NWG – Get Rating) last released its quarterly earnings results on Friday, April 28th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $4.71 billion for the quarter. NatWest Group had a net margin of 21.11% and a return on equity of 10.86%. As a group, research analysts expect that NatWest Group plc will post 1.19 EPS for the current fiscal year.

NatWest Group Company 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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