Townsquare Capital LLC Grows Position in NatWest Group plc $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 holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 613.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,407 shares of the company's stock after acquiring an additional 92,343 shares during the period. Townsquare Capital LLC's holdings in NatWest Group were worth $1,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bessemer Group Inc. grew its holdings in shares of NatWest Group by 374.5% during the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock valued at $25,000 after purchasing an additional 1,659 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new stake in NatWest Group during the 1st quarter valued at about $30,000. Wayfinding Financial LLC bought a new position in NatWest Group during the 1st quarter valued at approximately $39,000. Lazard Asset Management LLC purchased a new stake in NatWest Group in the 4th quarter worth approximately $44,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in NatWest Group by 109.0% in the 1st quarter. Bruce G. Allen Investments LLC now owns 6,582 shares of the company's stock worth $78,000 after buying an additional 3,433 shares during the period. 1.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Citigroup reiterated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

NatWest Group Trading Up 0.6%

NYSE NWG traded up $0.09 on Monday, hitting $14.92. The company's stock had a trading volume of 1,902,201 shares, compared to its average volume of 4,966,500. The company's 50-day simple moving average is $13.90 and its 200 day simple moving average is $12.88. The firm has a market cap of $60.39 billion, a P/E ratio of 9.62, a PEG ratio of 0.85 and a beta of 1.07. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 52-week low of $8.55 and a 52-week high of $15.17.

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 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 during the quarter, compared to analyst estimates of $4.06 billion. Research analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be paid a $0.255 dividend. This represents a dividend yield of 390.0%. The ex-dividend date is Friday, August 8th. 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.