Prospera Financial Services Inc Has $2.86 Million Stake in NatWest Group plc $NWG

Prospera Financial Services Inc increased its position in shares of NatWest Group plc (NYSE:NWGFree Report) by 71.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,117 shares of the company’s stock after buying an additional 68,224 shares during the period. Prospera Financial Services Inc’s holdings in NatWest Group were worth $2,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. ABC Arbitrage SA boosted its position in 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 third quarter worth $3,579,000. Tudor Investment Corp ET AL bought a new position in NatWest Group during the third quarter worth $6,969,000. Natixis Advisors LLC boosted its position in NatWest Group by 7.1% during the third quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock worth $182,611,000 after purchasing an additional 851,997 shares during the period. Finally, Capital International Investors boosted its position in NatWest Group by 1.2% during the third quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock worth $188,764,000 after purchasing an additional 156,832 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on NWG. Keefe, Bruyette & Woods cut shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of NatWest Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings cut shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

View Our Latest Stock Report on NWG

NatWest Group Trading Up 3.0%

Shares of NatWest Group stock opened at $16.13 on Wednesday. The firm has a 50-day moving average of $15.54 and a 200-day moving average of $16.39. The stock has a market cap of $64.30 billion, a PE ratio of 8.58, a PEG ratio of 0.84 and a beta of 0.94. NatWest Group plc has a 52-week low of $12.91 and a 52-week high of $19.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04.

NatWest Group (NYSE:NWGGet Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. As a group, sell-side analysts forecast that NatWest Group plc will post 1.97 EPS for the current year.

NatWest Group Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NWG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NatWest Group plc (NYSE:NWGFree Report).

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

Receive News & Ratings for NatWest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NatWest Group and related companies with MarketBeat.com's FREE daily email newsletter.