National Bank of Canada FI Acquires New Holdings in NatWest Group plc $NWG

Key Points

• National Bank of Canada FI has acquired 30,855 shares of NatWest Group plc, valued at approximately $368,000, emphasizing significant institutional interest in the company.
• NatWest Group has recently reported an EPS of $0.41 for the last quarter, exceeding analysts' expectations, with anticipated earnings of 1.35 per share for the fiscal year.
• The company will pay a semi-annual dividend of $0.255 on September 12th, with a notable dividend yield of 390.0% despite a recent cut in dividend policy.

National Bank of Canada FI purchased a new stake in NatWest Group plc (NYSE:NWG - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 30,855 shares of the company's stock, valued at approximately $368,000.

Other institutional investors have also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC lifted its holdings in shares of NatWest Group by 153.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company's stock valued at $715,000 after acquiring an additional 42,567 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in NatWest Group in the first quarter worth about $293,000. Envestnet Asset Management Inc. lifted its stake in NatWest Group by 28.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock worth $32,715,000 after purchasing an additional 611,323 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in NatWest Group by 309.8% in the first quarter. Janney Montgomery Scott LLC now owns 101,675 shares of the company's stock worth $1,212,000 after purchasing an additional 76,866 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in NatWest Group in the first quarter worth about $231,000. Institutional investors own 1.27% of the company's stock.

NatWest Group Trading Up 1.0%

Shares of NatWest Group stock traded up $0.1550 on Thursday, hitting $15.2350. 2,755,858 shares of the company traded hands, compared to its average volume of 3,443,311. The stock's 50 day moving average price is $13.97 and its 200-day moving average price is $12.97. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 52 week low of $8.55 and a 52 week high of $15.25. The company has a market cap of $61.68 billion, a PE ratio of 9.83, a PEG ratio of 0.87 and a beta of 1.07.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings results 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 net margin of 16.84% and a return on equity of 11.99%. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $4.06 billion. Equities research analysts predict that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.255 per share. This represents a dividend yield of 390.0%. The ex-dividend date of this dividend is Friday, August 8th. NatWest Group's payout ratio is currently 32.26%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Zacks Research downgraded shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. Citigroup reissued a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, NatWest Group presently has an average rating of "Moderate Buy".

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.