LPL Financial LLC Has $6.92 Million Position in NatWest Group plc (NYSE:NWG)

LPL Financial LLC boosted its stake in NatWest Group plc (NYSE:NWG - Free Report) by 92.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 580,100 shares of the company's stock after purchasing an additional 279,156 shares during the quarter. LPL Financial LLC's holdings in NatWest Group were worth $6,915,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of NatWest Group by 1,506.7% during the fourth quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company's stock worth $7,630,000 after buying an additional 703,534 shares during the period. Franklin Resources Inc. raised its stake in NatWest Group by 9.9% in the fourth quarter. Franklin Resources Inc. now owns 26,063 shares of the company's stock valued at $265,000 after buying an additional 2,356 shares during the period. Wells Fargo & Company MN increased its stake in shares of NatWest Group by 1.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,901,822 shares of the company's stock worth $19,342,000 after purchasing an additional 28,281 shares during the period. Russell Investments Group Ltd. increased its stake in shares of NatWest Group by 20.4% during the fourth quarter. Russell Investments Group Ltd. now owns 39,546 shares of the company's stock worth $402,000 after purchasing an additional 6,704 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of NatWest Group by 36.0% during the fourth quarter. Cerity Partners LLC now owns 114,762 shares of the company's stock worth $1,132,000 after purchasing an additional 30,377 shares during the period. 1.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

NatWest Group Price Performance

Shares of NYSE NWG traded up $0.32 during mid-day trading on Thursday, hitting $15.15. 2,362,615 shares of the stock traded hands, compared to its average volume of 4,990,789. 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 plc has a twelve month low of $8.55 and a twelve month high of $15.14. The company has a market cap of $61.33 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.84 and a beta of 1.07. The firm has a 50 day simple moving average of $13.87 and a two-hundred day simple moving average of $12.80.

NatWest Group (NYSE:NWG - Get Free Report) last released 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 11.99% and a net margin of 16.84%. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $4.06 billion. As a group, equities research analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

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