Tudor Investment Corp ET AL Invests $6.97 Million in NatWest Group plc $NWG

Key Points

• Tudor Investment Corp ET AL established a new position in NatWest Group in Q3, buying 492,498 shares valued at about $6.97 million.
• NatWest beat quarterly estimates with $0.46 EPS vs. $0.38 expected and $5.74B revenue, and announced a dividend of $0.621 per share payable May 5 (ex-dividend Mar 20); the stock trades around $15.34 with a 52-week range of $10.42–$19.35 and a P/E of 8.57.
• Other large institutional moves include L1 Capital’s new ~$146.9M stake and Fisher Asset Management’s 39.2M-share holding (~$555M), and analysts’ consensus is a “Moderate Buy”.

Tudor Investment Corp ET AL bought a new position in NatWest Group plc (NYSE:NWG - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 492,498 shares of the company's stock, valued at approximately $6,969,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NWG. L1 Capital Pty Ltd purchased a new stake in NatWest Group in the 2nd quarter worth approximately $146,913,000. Bank of Montreal Can grew its stake in NatWest Group by 136.0% in the 3rd quarter. Bank of Montreal Can now owns 3,273,212 shares of the company's stock worth $46,316,000 after acquiring an additional 1,886,141 shares during the period. Fisher Asset Management LLC grew its stake in NatWest Group by 4.5% in the 3rd quarter. Fisher Asset Management LLC now owns 39,234,322 shares of the company's stock worth $555,166,000 after acquiring an additional 1,702,930 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in NatWest Group in the 3rd quarter worth approximately $16,650,000. Finally, Citadel Advisors LLC grew its stake in NatWest Group by 150.7% in the 3rd quarter. Citadel Advisors LLC now owns 1,612,872 shares of the company's stock worth $22,822,000 after acquiring an additional 969,546 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Stock Down 0.3%

Shares of NYSE NWG opened at $15.34 on Wednesday. NatWest Group plc has a 52-week low of $10.42 and a 52-week high of $19.35. The firm has a fifty day moving average of $16.16 and a 200-day moving average of $16.11. The stock has a market capitalization of $61.17 billion, a PE ratio of 8.57, a P/E/G ratio of 0.51 and a beta of 0.96. 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 announced its quarterly earnings data on Thursday, February 12th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.08. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. The company had revenue of $5.74 billion during the quarter, compared to analysts' expectations of $5.59 billion. On average, analysts anticipate that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NatWest Group in a research note on Thursday, January 22nd. Zacks Research raised shares of NatWest Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 10th. BNP Paribas Exane raised shares of NatWest Group from a "strong sell" rating to a "hold" rating in a research note on Friday, February 27th. Finally, Barclays reissued an "equal weight" rating on shares of NatWest Group in a research note 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 issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus 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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