Bank of New York Mellon Corp Has $4.26 Million Stake in NatWest Group plc (NYSE:NWG)

Key Points

• Bank of New York Mellon Corp increased its stake in NatWest Group plc by 13.0%, acquiring an additional 41,113 shares, bringing its total holdings to 357,673 shares valued at approximately $4.26 million.
• In the first quarter, other hedge funds also significantly increased their positions, with Bessemer Group Inc. raising its holdings by 374.5%, while several others made new investments in NatWest Group.
• NatWest's stock has seen a 4.3% increase recently, with the current price at $14.16 and analysts predicting earnings of 1.35 per share for the fiscal year.

Bank of New York Mellon Corp boosted its position in NatWest Group plc (NYSE:NWG - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 357,673 shares of the company's stock after acquiring an additional 41,113 shares during the quarter. Bank of New York Mellon Corp's holdings in NatWest Group were worth $4,263,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NWG. Aaron Wealth Advisors LLC lifted its holdings in shares of NatWest Group by 2.4% during the first quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company's stock worth $428,000 after purchasing an additional 831 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of NatWest Group by 7.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company's stock worth $150,000 after buying an additional 833 shares during the last quarter. OneAscent Financial Services LLC increased its position in NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock worth $124,000 after purchasing an additional 926 shares in the last quarter. Adero Partners LLC increased its position in NatWest Group by 8.4% during the 1st quarter. Adero Partners LLC now owns 12,723 shares of the company's stock worth $152,000 after purchasing an additional 985 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in NatWest Group by 9.2% in the 1st quarter. Perigon Wealth Management LLC now owns 13,153 shares of the company's stock valued at $157,000 after buying an additional 1,108 shares during the period. Institutional investors and hedge funds own 1.27% of the company's stock.

NatWest Group Stock Performance

Shares of NYSE:NWG traded up $0.25 on Tuesday, hitting $14.15. The company's stock had a trading volume of 721,294 shares, compared to its average volume of 5,109,233. NatWest Group plc has a 12 month low of $8.08 and a 12 month high of $14.55. The company has a market capitalization of $57.24 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.82 and a beta of 1.01. The stock's 50-day moving average is $13.88 and its two-hundred day moving average is $12.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06.

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 for the quarter, beating the consensus estimate of $0.37 by $0.04. NatWest Group had a return on equity of 12.29% and a net margin of 16.84%. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $4.06 billion. On average, equities research analysts forecast that NatWest Group plc will post 1.35 EPS 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. Shareholders of record on Friday, August 8th will be given a $0.255 dividend. This represents a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 8th. NatWest Group's payout ratio is currently 49.68%.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "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.