NWG

Key Takeaways

• NatWest runs an unusually high return for a big UK bank, earning about 13.7% on equity while its share count has fallen roughly 7% a year, so every remaining share owns a growing slice of the same bank. • The real risk is durability, not distress: at about 1.3x book the shares lean on that elite return persisting far longer than most banks manage, and if it fades toward the cost of capital the multiple has room to compress. • Watch the next interim results and the pace of the 2026 buyback; the

Institutional ownership

403 institutional managers reported holding NWG in 13F filings for the quarter ended 2026-03-31. Together they hold about 3% of the company; the top 10 hold 2%. 50 opened new positions that quarter. Held by Fisher Investments, FMR (Fidelity), Morgan Stanley, among others. On the short side, 1.7M shares were sold short as of the 2026-06-15 count, about 0.0% of shares outstanding (1 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

NWG has cut its share count 25.4% over the past five years. It pays a dividend, and has paid one every year in our records (11 and counting), raised 2 years straight. Cash returned over the past three years: $7.44B in dividends.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Compare NWG

Browse all stock reportsOpen the screener