Entropy Technologies LP bought a new stake in shares of NatWest Group plc (NYSE:NWG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 128,674 shares of the company's stock, valued at approximately $1,534,000.
Several other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in NatWest Group by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 28,042 shares of the company's stock valued at $334,000 after buying an additional 807 shares in the last quarter. Commerce Bank raised its position in NatWest Group by 5.2% during the first quarter. Commerce Bank now owns 16,511 shares of the company's stock valued at $197,000 after purchasing an additional 818 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in NatWest Group by 2.4% during the first quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company's stock valued at $428,000 after acquiring an additional 831 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in NatWest Group by 7.1% during the first quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company's stock valued at $150,000 after buying an additional 833 shares during the period. Finally, Adero Partners LLC grew 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 acquiring an additional 985 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.
NatWest Group Stock Up 2.3%
NatWest Group stock traded up $0.34 during mid-day trading on Thursday, reaching $15.17. The stock had a trading volume of 2,965,925 shares, compared to its average volume of 4,994,571. NatWest Group plc has a one year low of $8.55 and a one year high of $15.17. The company has a 50-day moving average price of $13.87 and a two-hundred day moving average price of $12.80. The company has a market capitalization of $61.41 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.84 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06.
NatWest Group (NYSE:NWG - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $4.06 billion. On average, analysts expect that NatWest Group plc will post 1.35 EPS for the current fiscal year.
NatWest Group Cuts Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be given a dividend of $0.255 per share. The ex-dividend date is Friday, August 8th. This represents a yield of 390.0%. NatWest Group's dividend payout ratio is 32.26%.
Analyst Upgrades and Downgrades
Separately, Citigroup restated 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 company. According to data from MarketBeat.com, NatWest Group has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on NatWest Group
About NatWest Group
(
Free Report)
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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