Ritholtz Wealth Management Purchases 77,536 Shares of NatWest Group plc $NWG

Key Points

• Ritholtz Wealth Management increased its stake in NatWest Group plc by 35.2%, acquiring an additional 77,536 shares during the second quarter, bringing its total holdings to 297,583 shares valued at approximately $4.21 million.
• Several institutional investors, including Millennium Management and Natixis Advisors, significantly increased their holdings in NatWest Group during the first quarter, indicating strong interest in the stock.
• NatWest Group recently cut its dividend, declaring a payout of $0.255 on September 12, which represents a yield of 390.0%, with a payout ratio of 32.26%.

Ritholtz Wealth Management lifted its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 35.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,583 shares of the company's stock after purchasing an additional 77,536 shares during the quarter. Ritholtz Wealth Management's holdings in NatWest Group were worth $4,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Millennium Management LLC lifted its holdings in shares of NatWest Group by 364.3% during the 1st quarter. Millennium Management LLC now owns 2,938,011 shares of the company's stock worth $35,021,000 after acquiring an additional 2,305,175 shares during the period. Natixis Advisors LLC raised its position in 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. Envestnet Asset Management Inc. lifted its stake in NatWest Group by 28.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock worth $32,715,000 after purchasing an additional 611,323 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NatWest Group by 1,102.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company's stock valued at $7,161,000 after purchasing an additional 550,764 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of NatWest Group by 20.3% in the 1st quarter. Raymond James Financial Inc. now owns 3,233,255 shares of the company's stock valued at $38,540,000 after purchasing an additional 545,017 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NWG has been the subject of several analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of NatWest Group in a research report on Wednesday, October 8th. BNP Paribas Exane cut NatWest Group from a "neutral" rating to an "underperform" rating in a report on Friday, September 5th. Zacks Research downgraded shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, BNP Paribas cut shares of NatWest Group from a "hold" rating to a "strong sell" rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

NatWest Group Stock Performance

NatWest Group stock opened at $14.62 on Thursday. The stock has a 50-day simple moving average of $14.45 and a 200 day simple moving average of $13.69. The stock has a market capitalization of $58.81 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 0.75 and a beta of 1.05. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 12-month low of $9.16 and a 12-month high of $15.52.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The firm had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $4.06 billion. On average, research analysts anticipate that NatWest Group plc will post 1.35 earnings per share 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 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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