Northern Trust Corp Has $42.91 Million Stock Position in NatWest Group plc $NWG

Key Points

• Northern Trust Corp increased its stake in NatWest Group plc by 11.0% during the first quarter, owning a total of 3,599,561 shares valued at approximately $42.9 million.
• NatWest Group reported earnings of $0.41 per share for the last quarter, exceeding analysts' expectations of $0.37, with revenue reaching $5.42 billion.
• The firm recently announced a semi-annual dividend of $0.255, set to be paid on September 12th, reflecting a payout ratio of 31.61%.

Northern Trust Corp boosted its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 11.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,599,561 shares of the company's stock after purchasing an additional 356,483 shares during the period. Northern Trust Corp owned 0.09% of NatWest Group worth $42,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. increased its holdings in NatWest Group by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 28,042 shares of the company's stock valued at $334,000 after purchasing an additional 807 shares in the last quarter. Commerce Bank boosted its position in 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 buying an additional 818 shares during the last quarter. Aaron Wealth Advisors LLC boosted its position in 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 buying an additional 831 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in 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 buying an additional 833 shares during the last quarter. Finally, Adero Partners LLC boosted its position in 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 buying an additional 985 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Trading Down 4.4%

Shares of NYSE:NWG traded down $0.65 during midday trading on Monday, hitting $13.96. The company had a trading volume of 6,085,633 shares, compared to its average volume of 3,284,170. NatWest Group plc has a 12 month low of $8.55 and a 12 month high of $15.52. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. The stock has a market cap of $56.50 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.80 and a beta of 1.08. The firm has a fifty day simple moving average of $14.07 and a 200 day simple moving average of $13.16.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.06 billion. On average, analysts predict that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

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

Analysts Set New Price Targets

Separately, Zacks Research lowered NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.