Parametric Portfolio Associates L.. recently announced the acquisition of new stake in NatWest Group plc (NYSE:NWG). The institutional investor has increased its shareholding in the Financial company by 84.32% to 7.0 million shares with purchase of 3.2 million shares. This fresh investment now brings its stake to 0.12% valued currently at $19.33 million. In addition, O’Shaughnessy Asset Management LL.. raised its holdings by 0.44 million to 0.58 million shares. And Citadel Advisors LLC has lifted its position by 909.00% or 0.38 million shares – to 0.42 million shares.
With over 1.75 million NatWest Group plc (NWG) shares trading Tuesday and a closing price of $2.84 on the day, the dollar volume was approximately $4.96 million. The shares have shown a negative weekly performance of -4.38% and its price on 09/01/20 lost nearly -3.07%. Currently, there are 6.04B common shares owned by the public and among those 2.29B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for NWG have a consensus price objective of $3.59. The analysts have set the share’s price value over the next 12 months at a high of $5.13 and a low of $2.63 should the stock experience a downside. But an upside of 44.64% will see the stock hit the forecast high price target while mean target price for the stock is $3.31.
The top 3 mutual fund holders in NatWest Group plc are DFA International Core Equity Por, DFA International Value Series, and DFA Tax Managed International Val. DFA International Core Equity Por owns 1.35 million shares of the company’s stock, all valued at over $3.71 million. DFA Tax Managed International Val sold 85277.0 shares to bring its total holdings to over 0.67 million shares at a value of $1.85 million. DFA Tax Managed International Val now owns shares totaling to 0.01% of the shares outstanding.
Shares of NatWest Group plc (NYSE: NWG) opened at $2.89, down -$0.04 from a prior closing price of $2.93. However, the script later closed the day at $2.84, down -3.07%. The company’s stock has a 5-day price change of -4.38% and -11.80% over the past three months. NWG shares are trading -54.03% year to date (YTD), with the 12-month market performance down to -33.62% lower. It has a 12-month low price of $2.40 and touched a high of $6.76 over the same period. Currently, 1.75 million shares have been traded, compared to an average intraday trading volume of 1.57 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.02%, -5.52%, and -28.07% respectively.
Institutional ownership of NatWest Group plc (NYSE: NWG) shares accounts for 0.50% of the company’s 6.04B shares outstanding. Mutual fund holders own 0.09%, while other institutional holders and individual stakeholders account for 0.33% and — respectively.
It has a market capitalization of $17.04B and a beta (3y monthly) value of 1.46. The stock’s trailing 12-month PE ratio is 33.81, while the earnings-per-share (ttm) stands at $0.08. The company has a debt-to-equity ratio at 1.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.31% over the week and 2.29% over the month.
Analysts forecast that NatWest Group plc (NWG) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 92.50%, and 249.06% over the next financial year.
Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 8 of the 22 advise that investors “hold,” and 4 rated it as a “Sell.”