QRG Capital Management Inc. Purchases 59,121 Shares of NatWest Group plc $NWG

Key Points

• QRG Capital Management Inc. has increased its stake in NatWest Group plc by 9.2%, acquiring an additional 59,121 shares for a total holding of 701,106 shares valued at approximately $9.92 million.
• Several institutional investors, including Pacer Advisors Inc. and Commerce Bank, have also adjusted their positions in NatWest Group, highlighting increasing interest in the stock among large investors.
• NatWest Group recently cut its dividend payout, distributing $0.255 per share, reflecting a yield of 390.0%, despite the stock experiencing a downgrade in ratings from analysts.

QRG Capital Management Inc. lifted its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 701,106 shares of the company's stock after purchasing an additional 59,121 shares during the quarter. QRG Capital Management Inc.'s holdings in NatWest Group were worth $9,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its stake in NatWest Group by 3.0% during the first quarter. Pacer Advisors Inc. now owns 28,042 shares of the company's stock worth $334,000 after buying an additional 807 shares in the last quarter. Commerce Bank boosted its position in shares of NatWest Group by 5.2% during the 1st quarter. Commerce Bank now owns 16,511 shares of the company's stock valued at $197,000 after acquiring an additional 818 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in NatWest Group by 2.4% in the first quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company's stock valued at $428,000 after acquiring an additional 831 shares during the period. Checchi Capital Advisers LLC increased its stake in NatWest Group by 7.1% in the first quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company's stock valued at $150,000 after acquiring an additional 833 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its position in NatWest Group by 1.5% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 58,549 shares of the company's stock worth $698,000 after purchasing an additional 850 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NWG. BNP Paribas downgraded NatWest Group from a "hold" rating to a "strong sell" rating in a report on Friday, September 5th. Weiss Ratings restated a "buy (b)" rating on shares of NatWest Group in a research report on Saturday, September 27th. BNP Paribas Exane cut NatWest Group from a "neutral" rating to an "underperform" rating in a research report on Friday, September 5th. Finally, Zacks Research cut NatWest Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold".

NatWest Group Stock Performance

Shares of NYSE:NWG opened at $14.90 on Friday. The business has a fifty day moving average of $14.35 and a 200-day moving average of $13.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. NatWest Group plc has a twelve month low of $9.04 and a twelve month high of $15.52. The firm has a market cap of $60.14 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 0.85 and a beta of 1.05.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. On average, equities research analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 8th were given a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date was Friday, August 8th. NatWest Group's payout ratio is 32.26%.

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.

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