Marks Group Wealth Management Inc Acquires 45,516 Shares of NatWest Group plc $NWG

Key Points

• Marks Group Wealth Management Inc increased its holdings in NatWest Group plc by 138.1%, acquiring an additional 45,516 shares, bringing its total to 78,482 shares valued at approximately $1,111,000.
• NatWest Group's stock price opened at $14.80 with a market cap of $59.75 billion, and the company recently posted earnings that exceeded analysts' expectations.
• BNP Paribas Exane downgraded NatWest Group from a "neutral" to an "underperform" rating, reflecting a shift in sentiment among several equity analysts on the stock's prospects.

Marks Group Wealth Management Inc increased its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 138.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,482 shares of the company's stock after purchasing an additional 45,516 shares during the quarter. Marks Group Wealth Management Inc's holdings in NatWest Group were worth $1,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWG. Bessemer Group Inc. lifted its position in NatWest Group by 374.5% during the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock worth $25,000 after buying an additional 1,659 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of NatWest Group in the second quarter valued at about $26,000. Zions Bancorporation National Association UT bought a new stake in NatWest Group during the first quarter worth about $29,000. Pinnacle Bancorp Inc. acquired a new position in NatWest Group during the first quarter valued at approximately $30,000. Finally, Wayfinding Financial LLC bought a new position in NatWest Group in the first quarter valued at approximately $39,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Price Performance

NWG stock opened at $14.80 on Tuesday. The stock has a market cap of $59.75 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 0.85 and a beta of 1.05. 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 company has a 50 day simple moving average of $14.37 and a 200 day simple moving average of $13.59. NatWest Group plc has a 1 year low of $9.16 and a 1 year high of $15.52.

NatWest Group (NYSE:NWG - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. The firm had revenue of $5.42 billion for 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%. Research analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The company also recently declared 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 payout ratio is 32.26%.

Analysts Set New Price Targets

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

About NatWest Group

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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