Hilltop National Bank Buys New Stake in NatWest Group plc $NWG

Key Points

• Hilltop National Bank has acquired a new stake in NatWest Group plc, purchasing 17,082 shares valued at approximately $242,000 during the second quarter.
• Analysts have recently revised their ratings on NatWest Group, with BNP Paribas downgrading it from "hold" to "strong sell," while Weiss Ratings maintained a "buy" rating.
• NatWest Group disclosed a semi-annual dividend of $0.255 per share, representing a dividend yield of 390.0%, but has also indicated a lower dividend payout ratio of 32.26%.

Hilltop National Bank bought a new stake in NatWest Group plc (NYSE:NWG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,082 shares of the company's stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in NatWest Group by 1,102.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company's stock valued at $7,161,000 after buying an additional 550,764 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in NatWest Group in the 1st quarter valued at approximately $293,000. Graham Capital Management L.P. purchased a new stake in NatWest Group in the 1st quarter valued at approximately $1,053,000. Envestnet Asset Management Inc. lifted its stake in NatWest Group by 28.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock valued at $32,715,000 after buying an additional 611,323 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in NatWest Group by 25.1% in the 1st quarter. HighTower Advisors LLC now owns 234,275 shares of the company's stock valued at $2,793,000 after buying an additional 47,058 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NWG shares. BNP Paribas lowered NatWest Group from a "hold" rating to a "strong sell" rating in a research note on Friday, September 5th. Zacks Research lowered NatWest Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. BNP Paribas Exane lowered NatWest Group from a "neutral" rating to an "underperform" rating in a research note on Friday, September 5th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of NatWest Group in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, NatWest Group has a consensus rating of "Hold".

NatWest Group Trading Up 4.3%

NWG stock opened at $14.90 on Friday. The company has a market cap of $60.14 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.81 and a beta of 1.05. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $14.35 and a 200-day simple moving average of $13.55. NatWest Group plc has a 52 week low of $9.04 and a 52 week high of $15.52.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $4.06 billion. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%. On average, equities research analysts expect that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

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

NatWest Group 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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