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

Avantax Advisory Services Inc. raised its stake in NatWest Group plc (NYSE:NWG - Free Report) by 791.0% in the first quarter, according to the company in its most recent disclosure 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.

A number of other institutional investors also recently made changes to their positions in NWG. Dimensional Fund Advisors LP boosted its position in shares of NatWest Group by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company's stock worth $74,473,000 after buying an additional 216,053 shares during the period. Bank of America Corp DE boosted its position in shares of NatWest Group by 25.1% in the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock worth $47,924,000 after buying an additional 944,464 shares during the period. Northern Trust Corp boosted its holdings in NatWest Group by 45.6% in the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock valued at $32,982,000 after purchasing an additional 1,014,926 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in NatWest Group by 28.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock valued at $32,715,000 after purchasing an additional 611,323 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in NatWest Group in the fourth quarter valued at about $27,339,000. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Stock Down 1.6%

NYSE NWG traded down $0.23 on Friday, hitting $13.75. 3,960,936 shares of the stock traded hands, compared to its average volume of 3,707,105. The stock has a 50-day moving average of $13.87 and a 200 day moving average of $12.59. NatWest Group plc has a twelve month low of $8.08 and a twelve month high of $14.55. The company has a market capitalization of $55.68 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 0.79 and a beta of 1.07. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14.

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 the consensus estimate 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. As a group, analysts expect that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be given a dividend of $0.255 per share. This represents a dividend yield of 390.0%. The ex-dividend date is Friday, August 8th. NatWest Group's dividend payout ratio is presently 49.68%.

Analysts Set New Price Targets

Separately, Citigroup reissued a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

About NatWest Group

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.