Envestnet Asset Management Inc. Reduces Stock Position in NatWest Group plc (NYSE:NWG)

Envestnet Asset Management Inc. decreased its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,133,227 shares of the company's stock after selling 78,259 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of NatWest Group worth $21,695,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in NatWest Group during the 4th quarter valued at approximately $27,000. Hilltop National Bank acquired a new position in shares of NatWest Group in the 4th quarter valued at $29,000. First Horizon Advisors Inc. lifted its position in NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock worth $29,000 after acquiring an additional 1,787 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in NatWest Group during the 3rd quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of NatWest Group in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 1.27% of the company's stock.

NatWest Group Stock Performance

Shares of NYSE NWG traded up $0.08 during midday trading on Friday, reaching $12.27. 4,156,118 shares of the stock were exchanged, compared to its average volume of 3,236,071. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $11.74 and a two-hundred day simple moving average of $10.66. NatWest Group plc has a twelve month low of $6.99 and a twelve month high of $12.65. The firm has a market cap of $49.39 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.85 and a beta of 0.93.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $3.75 billion. As a group, analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.3899 per share. This represents a dividend yield of 3.8%. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date of this dividend is Friday, March 14th. NatWest Group's dividend payout ratio is presently 55.88%.

Wall Street Analysts Forecast Growth

NWG has been the topic of a number of recent research reports. BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. Peel Hunt downgraded shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy".

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.