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 stake in NatWest Group plc (NYSE:NWG - Free Report) by 38.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,636 shares of the company's stock after buying an additional 26,982 shares during the period. Qtron Investments LLC's holdings in NatWest Group were worth $1,152,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of 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 valued at $25,000 after buying an additional 1,659 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of NatWest Group in the 1st quarter valued at $29,000. Pinnacle Bancorp Inc. purchased a new position in shares of NatWest Group in the 1st quarter valued at $30,000. Wayfinding Financial LLC purchased a new position in shares of NatWest Group in the 1st quarter valued at $39,000. Finally, Lazard Asset Management LLC purchased a new position in shares of NatWest Group in the 4th quarter valued at $44,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NWG shares. Zacks Research downgraded shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Citigroup reiterated a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, NatWest Group currently has an average rating of "Moderate Buy".

NatWest Group Stock Performance

NYSE:NWG traded up $0.1050 during trading hours on Friday, reaching $15.3550. 2,973,509 shares of the company's stock were exchanged, compared to its average volume of 3,377,325. The firm has a market capitalization of $62.17 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 0.88 and a beta of 1.07. The company has a 50-day moving average of $14.00 and a 200 day moving average of $13.00. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 1-year low of $8.55 and a 1-year high of $15.40.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly 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. 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 analysts' expectations of $4.06 billion. Research analysts anticipate that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be paid a $0.255 dividend. This represents a dividend yield of 390.0%. The ex-dividend date is Friday, August 8th. NatWest Group's dividend payout ratio (DPR) is 31.61%.

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.