US Bancorp DE Boosts Stake in NatWest Group plc $NWG

US Bancorp DE boosted its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 629,251 shares of the company's stock after acquiring an additional 33,427 shares during the quarter. US Bancorp DE's holdings in NatWest Group were worth $8,904,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NWG. Dogwood Wealth Management LLC bought a new position in shares of NatWest Group in the second quarter worth approximately $26,000. Bessemer Group Inc. increased its holdings in shares of NatWest Group by 374.5% in the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock worth $25,000 after buying an additional 1,659 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of NatWest Group during the 1st quarter valued at $29,000. Pinnacle Bancorp Inc. purchased a new stake in shares of NatWest Group during the 1st quarter valued at $30,000. Finally, Wayfinding Financial LLC bought a new stake in shares of NatWest Group during the 1st quarter worth $39,000. Institutional investors own 1.27% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NWG shares. BNP Paribas Exane downgraded NatWest Group from a "neutral" rating to an "underperform" rating in a research report on Friday, September 5th. Weiss Ratings reiterated a "buy (b)" rating on shares of NatWest Group in a research report on Wednesday. Zacks Research downgraded NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, BNP Paribas cut shares of NatWest Group from a "hold" rating to a "strong sell" rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

NatWest Group Price Performance

NWG opened at $14.40 on Friday. The stock's 50 day simple moving average is $14.42 and its 200 day simple moving average is $13.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. NatWest Group plc has a 1 year low of $9.16 and a 1 year high of $15.52. The firm has a market cap of $57.90 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 0.73 and a beta of 1.05.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $4.06 billion. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%. As a group, analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a yield of 390.0%. NatWest Group's dividend payout ratio 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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