Lazard Asset Management LLC Invests $44,000 in NatWest Group plc (NYSE:NWG)

Lazard Asset Management LLC acquired a new stake in NatWest Group plc (NYSE:NWG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,361 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds have also made changes to their positions in NWG. Raymond James Financial Inc. bought a new stake in NatWest Group in the fourth quarter worth about $27,339,000. Northern Trust Corp grew its stake in shares of NatWest Group by 45.6% in the 4th quarter. Northern Trust Corp now owns 3,243,078 shares of the company’s stock worth $32,982,000 after purchasing an additional 1,014,926 shares during the last quarter. Bank of America Corp DE grew its stake in shares of NatWest Group by 25.1% in the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company’s stock worth $47,924,000 after purchasing an additional 944,464 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of NatWest Group in the 4th quarter worth approximately $9,578,000. Finally, JPMorgan Chase & Co. lifted its stake in NatWest Group by 1,506.7% during the fourth quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company’s stock valued at $7,630,000 after purchasing an additional 703,534 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NWG. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. Peel Hunt cut NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

NatWest Group Trading Up 1.2%

NatWest Group stock opened at $14.32 on Tuesday. NatWest Group plc has a 52 week low of $7.80 and a 52 week high of $14.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $57.65 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 0.85 and a beta of 1.01. The company has a 50 day moving average price of $12.52 and a 200 day moving average price of $11.34.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, May 2nd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The business had revenue of $5.30 billion during the quarter, compared to analyst estimates of $3.80 billion. Research analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Profile

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.