Eagle Global Advisors LLC Takes $2.31 Million Position in NatWest Group plc (NYSE:NWG)

Key Points

• Eagle Global Advisors LLC has acquired a new position in NatWest Group plc, purchasing 194,015 shares valued at approximately $2,313,000.
• Citigroup has reaffirmed a "buy" rating on NatWest Group, which currently holds an average rating of "Moderate Buy" among analysts.
• NatWest Group recently announced a semi-annual dividend of $0.255 per share, leading to a dividend yield of 390.0%.

Eagle Global Advisors LLC acquired a new position in shares of NatWest Group plc (NYSE:NWG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 194,015 shares of the company's stock, valued at approximately $2,313,000.

Several other hedge funds also recently made changes to their positions in NWG. Bessemer Group Inc. grew its holdings in shares of NatWest Group by 374.5% during the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock worth $25,000 after purchasing an additional 1,659 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of NatWest Group during the first quarter worth about $29,000. Pinnacle Bancorp Inc. purchased a new stake in shares of NatWest Group in the first quarter valued at about $30,000. Wayfinding Financial LLC purchased a new stake in shares of NatWest Group in the first quarter valued at about $39,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of NatWest Group in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 1.27% of the company's stock.

Wall Street Analyst Weigh In

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

NatWest Group Stock Performance

Shares of NYSE:NWG traded up $0.34 on Thursday, reaching $15.17. The company's stock had a trading volume of 2,965,925 shares, compared to its average volume of 4,994,574. The stock's 50-day moving average is $13.87 and its two-hundred day moving average is $12.80. NatWest Group plc has a 52-week low of $8.55 and a 52-week high of $15.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. The stock has a market capitalization of $61.41 billion, a P/E ratio of 9.78, a PEG ratio of 0.84 and a beta of 1.07.

NatWest Group (NYSE:NWG - Get Free Report) last announced its earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. The business had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. As a group, sell-side 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. Stockholders of record on Friday, August 8th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 390.0%. NatWest Group's payout ratio is presently 32.26%.

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.