Raymond James Financial Inc. Boosts Stock Holdings in NatWest Group plc $NWG

Key Points

• Raymond James Financial Inc. increased its holdings in NatWest Group plc by 20.3%, owning approximately 3.23 million shares worth $38.54 million at the end of the first quarter.
• NatWest Group's recent earnings report showed a net margin of 16.84% and a return on equity of 11.99%, reporting earnings per share of $0.41, exceeding estimates.
• The firm declared a semi-annual dividend of $0.255, representing a yield of 390.0%, with an ex-dividend date of August 8th.

Raymond James Financial Inc. boosted its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 20.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,233,255 shares of the company's stock after purchasing an additional 545,017 shares during the quarter. Raymond James Financial Inc. owned 0.08% of NatWest Group worth $38,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NWG. Natixis Advisors LLC raised its position in shares of NatWest Group by 11.8% in the 1st quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company's stock valued at $148,162,000 after buying an additional 1,311,476 shares in the last quarter. Northern Trust Corp raised its position in shares of NatWest Group by 45.6% in the 4th quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock valued at $32,982,000 after buying an additional 1,014,926 shares in the last quarter. Bank of America Corp DE raised its position in shares of NatWest Group by 25.1% in the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock valued at $47,924,000 after buying an additional 944,464 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of NatWest Group by 28.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock valued at $32,715,000 after buying an additional 611,323 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of NatWest Group by 1,102.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company's stock valued at $7,161,000 after buying an additional 550,764 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NWG has been the subject of several analyst reports. Zacks Research cut shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Citigroup reissued a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

NatWest Group Stock Up 0.3%

Shares of NWG stock traded up $0.05 on Monday, hitting $15.41. The stock had a trading volume of 2,878,166 shares, compared to its average volume of 3,261,227. The business has a 50 day moving average of $14.00 and a 200 day moving average of $13.03. The stock has a market cap of $62.39 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 0.88 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 12-month low of $8.55 and a 12-month high of $15.52.

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 the consensus estimate of $0.37 by $0.04. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. As a group, analysts expect that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be issued a dividend of $0.255 per share. This represents a 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.