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NatWest Cancels Nearly 1 Million Shares in Latest Buyback Tranche

Story Highlights
  • NatWest Group repurchased and plans to cancel 974,572 ordinary shares as part of its ongoing buyback programme.
  • The cancellation reduces shares in circulation, modestly enhancing earnings per share and signaling confidence in NatWest’s capital strength.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NatWest Cancels Nearly 1 Million Shares in Latest Buyback Tranche

Meet Samuel – Your Personal Investing Prophet

NatWest Group ( (GB:NWG) ) has issued an update.

NatWest Group has repurchased 974,572 of its ordinary shares on 2 March 2026 across the London Stock Exchange, Cboe Europe (CHIX) and BATS Europe (BATE) as part of its ongoing share buyback programme instructed to UBS AG, London Branch in mid-February. The bank plans to cancel the shares, which will leave 217,789,625 shares held in treasury and 7,974,826,099 shares in issue, a move that marginally enhances earnings per share and signals continued capital return to shareholders.

The transaction underscores NatWest’s active capital management strategy at a time of heightened focus on shareholder distributions among U.K. banks. By reducing the free float and boosting per-share metrics, the buyback supports the share price and reflects management’s confidence in the group’s balance sheet strength and future profitability, aligning with broader sector trends of returning surplus capital to investors.

The most recent analyst rating on (GB:NWG) stock is a Hold with a £670.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.

Spark’s Take on GB:NWG Stock

According to Spark, TipRanks’ AI Analyst, GB:NWG is a Neutral.

The score is driven primarily by solid profitability and upbeat guidance/capital returns, reinforced by attractive valuation. These positives are tempered by weak and volatile cash flow (including the most recent year), and softer near-term technical momentum.

To see Spark’s full report on GB:NWG stock, click here.

More about NatWest Group

NatWest Group is a major U.K. banking and financial services group that provides retail, commercial and institutional banking products to customers across the United Kingdom and beyond. The group focuses on lending, deposit-taking, payments and related financial services, competing with other large banks in the U.K. and European markets.

Average Trading Volume: 22,784,332

Technical Sentiment Signal: Buy

Current Market Cap: £49.3B

For an in-depth examination of NWG stock, go to TipRanks’ Overview page.

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