Eagle Global Advisors LLC Has $4.99 Million Holdings in NatWest Group plc $NWG

Key Points

• Eagle Global Advisors LLC increased its stake in NatWest Group plc by 81.8% during the second quarter, bringing its holdings to approximately $4.99 million.
• NatWest Group recently reported earnings of $0.41 EPS for the last quarter, exceeding expectations and generating a revenue of $5.42 billion.
• The company also announced a dividend of $0.255, with a yield of 390.0%, despite a recent downgrade in ratings by several brokerages.

Eagle Global Advisors LLC lifted its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 81.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,625 shares of the company's stock after acquiring an additional 158,610 shares during the quarter. Eagle Global Advisors LLC's holdings in NatWest Group were worth $4,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Perigon Wealth Management LLC raised its position in shares of NatWest Group by 12.8% during the second quarter. Perigon Wealth Management LLC now owns 14,835 shares of the company's stock worth $210,000 after acquiring an additional 1,682 shares during the last quarter. Norden Group LLC raised its position in shares of NatWest Group by 110.2% during the second quarter. Norden Group LLC now owns 23,634 shares of the company's stock worth $334,000 after acquiring an additional 12,388 shares during the last quarter. Fifth Third Bancorp increased its holdings in NatWest Group by 10.3% in the second quarter. Fifth Third Bancorp now owns 82,688 shares of the company's stock worth $1,170,000 after purchasing an additional 7,735 shares in the last quarter. GAMMA Investing LLC increased its holdings in NatWest Group by 25.6% in the second quarter. GAMMA Investing LLC now owns 16,698 shares of the company's stock worth $236,000 after purchasing an additional 3,408 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in NatWest Group by 37.4% in the second quarter. Park Avenue Securities LLC now owns 112,106 shares of the company's stock worth $1,586,000 after purchasing an additional 30,499 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Trading Up 2.9%

Shares of NatWest Group stock opened at $14.02 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. NatWest Group plc has a 52 week low of $8.69 and a 52 week high of $15.52. The stock has a 50 day moving average price of $14.30 and a two-hundred day moving average price of $13.47. The stock has a market capitalization of $56.61 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.41 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 during the quarter, compared to analysts' expectations of $4.06 billion. As a group, equities analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were paid a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date of this dividend was Friday, August 8th. NatWest Group's dividend payout ratio (DPR) is 32.26%.

Analysts Set New Price Targets

A number of brokerages have weighed in on NWG. Zacks Research downgraded NatWest Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. BNP Paribas Exane downgraded NatWest Group from a "neutral" rating to an "underperform" rating in a report on Friday, September 5th. Finally, BNP Paribas downgraded NatWest Group from a "hold" rating to a "strong sell" rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

NatWest Group Company 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.

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