NatWest Group plc $NWG Shares Bought by Qtron Investments LLC

Key Points

• Qtron Investments LLC increased its stake in NatWest Group plc by 38.7%, now owning 96,636 shares valued at approximately $1.15 million.
• Citi has reiterated a "buy" rating on NatWest Group, with a consensus rating of "Moderate Buy" from several analysts.
• NatWest Group announced a semi-annual dividend of $0.255 per share with a yield of 390.0%, set to be paid on September 12th, 2023.

Qtron Investments LLC lifted its position in NatWest Group plc (NYSE:NWG - Free Report) by 38.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,636 shares of the company's stock after acquiring an additional 26,982 shares during the quarter. Qtron Investments LLC's holdings in NatWest Group were worth $1,152,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. grew its position in shares of NatWest Group by 374.5% in the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock worth $25,000 after acquiring an additional 1,659 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in NatWest Group during the 1st quarter valued at approximately $29,000. Pinnacle Bancorp Inc. acquired a new position in NatWest Group during the 1st quarter valued at approximately $30,000. Wayfinding Financial LLC acquired a new position in NatWest Group during the 1st quarter valued at approximately $39,000. Finally, Lazard Asset Management LLC acquired a new position in NatWest Group during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 1.27% of the company's stock.

Analyst Ratings Changes

Separately, Citigroup reiterated a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, NatWest Group has a consensus rating of "Moderate Buy".

NatWest Group Trading Down 2.2%

Shares of NatWest Group stock opened at $14.84 on Monday. 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 firm has a market cap of $60.08 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.85 and a beta of 1.07. The business has a fifty day simple moving average of $13.90 and a 200-day simple moving average of $12.88. NatWest Group plc has a fifty-two week low of $8.55 and a fifty-two week high of $15.17.

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 analysts' consensus estimates of $0.37 by $0.04. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $4.06 billion. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%. On average, equities analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

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