Tudor Investment Corp ET AL Acquires Shares of 492,498 NatWest Group plc $NWG

Key Points

• Tudor Investment Corp opened a new position in NatWest Group, buying 492,498 shares in the third quarter worth about $6.97 million, according to its latest 13F filing.
• NatWest beat quarterly expectations with EPS of $0.46 (vs. $0.38) and revenue of $5.74 billion, and announced a $0.621 dividend payable May 5 (record/ex-dividend date March 20).
• The stock opened at $14.34, has a market cap of $57.18 billion, a P/E of 8.01 and a 52-week range of $10.40–$19.35, while analysts’ consensus rating is a "Moderate Buy".

Tudor Investment Corp ET AL bought a new position in NatWest Group plc (NYSE:NWG - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 492,498 shares of the company's stock, valued at approximately $6,969,000.

Several other hedge funds have also recently made changes to their positions in the business. Larson Financial Group LLC grew its position in NatWest Group by 427.7% in the third quarter. Larson Financial Group LLC now owns 1,831 shares of the company's stock worth $26,000 after acquiring an additional 1,484 shares in the last quarter. Salomon & Ludwin LLC increased its stake in NatWest Group by 2,941.7% during the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company's stock worth $27,000 after acquiring an additional 1,765 shares during the last quarter. Bessemer Group Inc. raised its position in NatWest Group by 88.7% during the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company's stock valued at $29,000 after purchasing an additional 972 shares during the period. Allworth Financial LP raised its position in NatWest Group by 186.8% during the third quarter. Allworth Financial LP now owns 2,739 shares of the company's stock valued at $39,000 after purchasing an additional 1,784 shares during the period. Finally, True Wealth Design LLC bought a new stake in shares of NatWest Group in the 3rd quarter valued at approximately $49,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Trading Up 3.2%

NWG opened at $14.34 on Tuesday. The stock's fifty day moving average is $16.75 and its two-hundred day moving average is $16.06. The company has a market capitalization of $57.18 billion, a P/E ratio of 8.01, a PEG ratio of 0.47 and a beta of 0.95. NatWest Group plc has a 52 week low of $10.40 and a 52 week high of $19.35. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.08. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%.The business had revenue of $5.74 billion during the quarter, compared to analysts' expectations of $5.59 billion. Analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, March 20th will be paid a $0.621 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a yield of 895.0%. NatWest Group's dividend payout ratio is 67.60%.

Analyst Upgrades and Downgrades

NWG has been the topic of several analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of NatWest Group in a research report on Thursday, January 22nd. BNP Paribas Exane upgraded NatWest Group from a "strong sell" rating to a "hold" rating in a research report on Friday, February 27th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of NatWest Group in a research note on Thursday, December 4th. Zacks Research raised shares of NatWest Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 10th. Finally, Barclays restated an "equal weight" rating on shares of NatWest Group in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, NatWest Group currently has an average rating of "Moderate Buy".

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.

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