Charles Schwab Investment Management Inc. Acquires 54,770 Shares of NatWest Group plc $NWG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in NatWest Group plc by 19.2% during the 1st quarter, owning 339,407 shares valued at approximately $4.046 million.
• NatWest Group recently declared a semi-annual dividend of $0.255 per share, with an impressive dividend yield of 390.0%, although the company has cut its dividend.
• The stock of NatWest Group is currently trading at $14.63, with analysts projecting an earnings per share (EPS) of 1.35 for the current year, while Zacks Research downgraded its rating from "strong-buy" to "hold".

Charles Schwab Investment Management Inc. increased its stake in NatWest Group plc (NYSE:NWG - Free Report) by 19.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 339,407 shares of the company's stock after acquiring an additional 54,770 shares during the period. Charles Schwab Investment Management Inc.'s holdings in NatWest Group were worth $4,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pacer Advisors Inc. lifted its stake in shares of NatWest Group by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 28,042 shares of the company's stock valued at $334,000 after acquiring an additional 807 shares during the last quarter. Commerce Bank lifted its stake in shares of NatWest Group by 5.2% in the 1st quarter. Commerce Bank now owns 16,511 shares of the company's stock valued at $197,000 after acquiring an additional 818 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of NatWest Group by 2.4% in the 1st 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 lifted its stake in shares of NatWest Group by 7.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company's stock valued at $150,000 after acquiring an additional 833 shares during the last quarter. Finally, Adero Partners LLC lifted its stake in shares of NatWest Group by 8.4% in the 1st quarter. Adero Partners LLC now owns 12,723 shares of the company's stock valued at $152,000 after acquiring an additional 985 shares during the last quarter. Institutional investors own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded NatWest Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

NatWest Group Stock Down 4.4%

Shares of NWG stock traded down $0.65 during midday trading on Monday, reaching $13.96. 6,085,633 shares of the stock were exchanged, compared to its average volume of 3,284,170. NatWest Group plc has a 1 year low of $8.55 and a 1 year high of $15.52. The firm has a market cap of $56.50 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. The company's 50 day moving average is $14.07 and its two-hundred day moving average is $13.16. 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 (NYSE:NWG - Get Free Report) last announced 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 return on equity of 11.99% and a net margin of 16.84%.The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $4.06 billion. On average, 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 announced a semi-annual dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be issued a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date of this dividend is Friday, August 8th. NatWest Group's payout ratio is 31.61%.

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.