ABC Arbitrage SA Makes New $9.58 Million Investment in NatWest Group plc (NYSE:NWG)

ABC Arbitrage SA acquired a new stake in shares of NatWest Group plc (NYSE:NWG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 941,766 shares of the company's stock, valued at approximately $9,578,000. NatWest Group comprises 1.4% of ABC Arbitrage SA's portfolio, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC increased its stake in NatWest Group by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company's stock worth $100,245,000 after buying an additional 1,031,057 shares in the last quarter. Raymond James & Associates lifted its position in NatWest Group by 6.7% in the third quarter. Raymond James & Associates now owns 2,564,252 shares of the company's stock worth $24,001,000 after buying an additional 162,068 shares during the last quarter. FMR LLC lifted its stake in NatWest Group by 57.0% in the third quarter. FMR LLC now owns 1,988,329 shares of the company's stock worth $18,611,000 after purchasing an additional 721,578 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in NatWest Group by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,674,253 shares of the company's stock valued at $15,671,000 after acquiring an additional 6,387 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in NatWest Group in the 3rd quarter worth about $11,420,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

NatWest Group Stock Performance

NatWest Group stock traded down $0.22 during trading hours on Wednesday, hitting $11.20. 3,039,524 shares of the stock traded hands, compared to its average volume of 2,990,388. The firm's 50 day moving average price is $10.44 and its 200-day moving average price is $9.80. The stock has a market capitalization of $45.08 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.81 and a beta of 1.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. NatWest Group plc has a 1 year low of $5.83 and a 1 year high of $11.41.

NatWest Group (NYSE:NWG - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. As a group, equities analysts expect that NatWest Group plc will post 1.22 EPS for the current fiscal year.

About NatWest Group

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.