Naviter Wealth LLC bought a new position in NatWest Group plc (NYSE:NWG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 48,503 shares of the company's stock, valued at approximately $686,000.
Several other large investors have also recently modified their holdings of the business. Natixis Advisors LLC increased its stake in shares of NatWest Group by 11.8% in the first quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company's stock worth $148,162,000 after purchasing an additional 1,311,476 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of NatWest Group by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company's stock worth $77,181,000 after purchasing an additional 455,538 shares in the last quarter. Northern Trust Corp increased its stake in shares of NatWest Group by 11.0% in the first quarter. Northern Trust Corp now owns 3,599,561 shares of the company's stock worth $42,907,000 after purchasing an additional 356,483 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of NatWest Group by 20.3% in the first quarter. Raymond James Financial Inc. now owns 3,233,255 shares of the company's stock worth $38,540,000 after purchasing an additional 545,017 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of NatWest Group by 364.3% in the first quarter. Millennium Management LLC now owns 2,938,011 shares of the company's stock worth $35,021,000 after purchasing an additional 2,305,175 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on NWG shares. BNP Paribas lowered shares of NatWest Group from a "hold" rating to a "strong sell" rating in a report on Friday, September 5th. Zacks Research lowered shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NatWest Group in a report on Wednesday, October 8th. Finally, BNP Paribas Exane lowered shares of NatWest Group from a "neutral" rating to an "underperform" rating in a report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, NatWest Group has a consensus rating of "Hold".
Check Out Our Latest Research Report on NatWest Group
NatWest Group Price Performance
NWG stock opened at $14.69 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. NatWest Group plc has a one year low of $9.16 and a one year high of $15.52. The stock has a market cap of $59.05 billion, a PE ratio of 9.47, a P/E/G ratio of 0.74 and a beta of 1.05. The firm has a 50 day simple moving average of $14.44 and a two-hundred day simple moving average of $13.68.
NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported $0.41 EPS 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 business had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $4.06 billion. On average, analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.
NatWest Group Cuts Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were paid a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date of this dividend was Friday, August 8th. NatWest Group's payout ratio is currently 32.26%.
NatWest Group Company Profile
(
Free Report)
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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