Townsquare Capital LLC Has $1.28 Million Stake in NatWest Group plc (NYSE:NWG)

Key Points

• Townsquare Capital LLC increased its stake in NatWest Group plc by 613.0% in the first quarter, owning 107,407 shares valued at $1.28 million.
• Citigroup has reissued a “buy” rating on NatWest Group, with analysts giving it an average rating of "Moderate Buy."
• NatWest Group announced a semi-annual dividend of $0.255 to be paid on September 12th, which delivers a yield of 390.0%.

Townsquare Capital LLC raised its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 613.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,407 shares of the company's stock after buying an additional 92,343 shares during the period. Townsquare Capital LLC's holdings in NatWest Group were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NWG. Bessemer Group Inc. increased its holdings in shares of NatWest Group by 374.5% during the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock worth $25,000 after buying an additional 1,659 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new stake in shares of NatWest Group during the first quarter worth approximately $30,000. Wayfinding Financial LLC acquired a new stake in shares of NatWest Group during the first quarter worth approximately $39,000. Lazard Asset Management LLC bought a new stake in shares of NatWest Group during the fourth quarter valued at approximately $44,000. Finally, Bruce G. Allen Investments LLC grew its stake in shares of NatWest Group by 109.0% during the first quarter. Bruce G. Allen Investments LLC now owns 6,582 shares of the company's stock valued at $78,000 after purchasing an additional 3,433 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

NatWest Group Price Performance

NWG opened at $14.83 on Thursday. NatWest Group plc has a one year low of $8.55 and a one year high of $14.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. The company's 50 day simple moving average is $13.87 and its 200-day simple moving average is $12.80. The stock has a market capitalization of $60.06 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.84 and a beta of 1.07.

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, 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 business had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $4.06 billion. Sell-side analysts anticipate 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. Shareholders of record on Friday, August 8th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 390.0%. NatWest Group's dividend payout ratio (DPR) is presently 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.

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