NatWest Group plc (NYSE:NWG) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its stake in NatWest Group plc (NYSE:NWG - Free Report) by 791.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,495 shares of the company's stock after acquiring an additional 153,136 shares during the quarter. Avantax Advisory Services Inc.'s holdings in NatWest Group were worth $2,056,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of NatWest Group by 374.5% during the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock worth $25,000 after acquiring an additional 1,659 shares in the last quarter. Pinnacle Bancorp Inc. bought a new stake in NatWest Group in the first quarter valued at $30,000. Wayfinding Financial LLC acquired a new position in shares of NatWest Group in the 1st quarter worth approximately $39,000. Lazard Asset Management LLC bought a new stake in shares of NatWest Group during the fourth quarter valued at approximately $44,000. Finally, Bruce G. Allen Investments LLC raised its holdings in NatWest Group by 109.0% during the 1st quarter. Bruce G. Allen Investments LLC now owns 6,582 shares of the company's stock worth $78,000 after purchasing an additional 3,433 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

NatWest Group Stock Performance

Shares of NYSE:NWG traded down $0.23 during midday trading on Friday, reaching $13.75. 3,960,936 shares of the company traded hands, compared to its average volume of 3,707,105. The firm's fifty day moving average price is $13.88 and its two-hundred day moving average price is $12.55. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 12 month low of $8.08 and a 12 month high of $14.55. The firm has a market capitalization of $55.68 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%. The firm had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $4.06 billion. On average, equities analysts expect that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be issued a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date of this dividend is Friday, August 8th. NatWest Group's dividend payout ratio is currently 49.68%.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate 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.