Truist Financial Corp Raises Holdings in NatWest Group plc $NWG

Key Points

• Truist Financial Corp increased its stake in NatWest Group plc by 45.2%, acquiring an additional 28,177 shares, bringing its total holdings to 90,475 shares valued at approximately $1.28 million.
• NatWest Group recently announced a semi-annual dividend of $0.255 per share, yielding 3.90%, with a payout ratio of 32.26%.
• Despite a positive earnings report, some analysts downgraded NatWest Group's stock rating, resulting in a consensus rating of "Hold" among analysts.

Truist Financial Corp raised its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 45.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 90,475 shares of the company's stock after purchasing an additional 28,177 shares during the period. Truist Financial Corp's holdings in NatWest Group were worth $1,280,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its stake in shares of NatWest Group by 13.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 115,689 shares of the company's stock worth $1,637,000 after buying an additional 14,014 shares during the last quarter. GC Wealth Management RIA LLC boosted its stake in shares of NatWest Group by 5.3% in the 2nd quarter. GC Wealth Management RIA LLC now owns 19,624 shares of the company's stock worth $278,000 after buying an additional 988 shares during the last quarter. Eagle Global Advisors LLC boosted its stake in shares of NatWest Group by 81.8% in the 2nd quarter. Eagle Global Advisors LLC now owns 352,625 shares of the company's stock worth $4,990,000 after buying an additional 158,610 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of NatWest Group by 12.8% in the 2nd quarter. Perigon Wealth Management LLC now owns 14,835 shares of the company's stock worth $210,000 after buying an additional 1,682 shares during the last quarter. Finally, Norden Group LLC boosted its stake in shares of NatWest Group by 110.2% in the 2nd quarter. Norden Group LLC now owns 23,634 shares of the company's stock worth $334,000 after buying an additional 12,388 shares during the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Trading Down 0.3%

Shares of NWG stock opened at $14.40 on Monday. NatWest Group plc has a 12-month low of $9.16 and a 12-month high of $15.52. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. The stock's 50-day moving average price is $14.42 and its 200-day moving average price is $13.66. The stock has a market capitalization of $57.90 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.73 and a beta of 1.05.

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

NatWest Group Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NWG shares. Weiss Ratings reiterated a "buy (b)" rating on shares of NatWest Group in a research report on Wednesday, October 8th. BNP Paribas downgraded NatWest Group from a "hold" rating to a "strong sell" rating in a research report on Friday, September 5th. BNP Paribas Exane downgraded NatWest Group from a "neutral" rating to an "underperform" rating in a research report on Friday, September 5th. Finally, Zacks Research downgraded NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Three 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 company's stock. According to MarketBeat, the company has a consensus rating of "Hold".

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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