NatWest Group plc (NYSE:NWG) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 51.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,539 shares of the company's stock after acquiring an additional 30,645 shares during the period. PNC Financial Services Group Inc.'s holdings in NatWest Group were worth $1,079,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NWG. Raymond James Financial Inc. purchased a new stake in NatWest Group during the fourth quarter worth $27,339,000. Natixis Advisors LLC boosted its position in NatWest Group by 11.8% during 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. Northern Trust Corp boosted its position in NatWest Group by 45.6% during the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock worth $32,982,000 after purchasing an additional 1,014,926 shares in the last quarter. Bank of America Corp DE boosted its position in NatWest Group by 25.1% during the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock worth $47,924,000 after purchasing an additional 944,464 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in NatWest Group by 1,506.7% during the fourth quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company's stock worth $7,630,000 after purchasing an additional 703,534 shares in the last quarter. 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, NatWest Group has a consensus rating of "Moderate Buy".

NatWest Group Price Performance

NYSE:NWG traded up $0.34 during trading hours on Thursday, reaching $15.17. 2,646,707 shares of the company traded hands, compared to its average volume of 4,990,928. The firm's 50-day moving average is $13.87 and its 200-day moving average is $12.80. The stock has a market cap of $61.41 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.84 and a beta of 1.07. 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 1-year low of $8.55 and a 1-year high of $15.16.

NatWest Group (NYSE:NWG - Get Free Report) last announced its earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. The firm had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $4.06 billion. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%. Equities research analysts expect that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.255 per share. The ex-dividend date is Friday, August 8th. This represents a dividend yield of 390.0%. NatWest Group's dividend payout ratio (DPR) is 32.26%.

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.