US Bancorp DE Boosts Position in NatWest Group plc (NYSE:NWG)

Key Points

• US Bancorp DE has increased its stake in NatWest Group plc by 9.7%, purchasing an additional 52,800 shares, bringing their total holdings to 595,824 shares valued at approximately $7.1 million.
• NatWest Group recently announced a $0.255 dividend to be paid on September 12th, representing a high yield of 390.0%.
• Analysts have a consensus rating of "Moderate Buy" for NatWest Group, with Citigroup reaffirming a "buy" rating amidst recent positive earnings results.

US Bancorp DE lifted its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 595,824 shares of the company's stock after purchasing an additional 52,800 shares during the quarter. US Bancorp DE's holdings in NatWest Group were worth $7,102,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of NatWest Group in the 4th quarter valued at about $27,339,000. Natixis Advisors LLC boosted its position in NatWest Group by 11.8% during the first quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company's stock worth $148,162,000 after purchasing an additional 1,311,476 shares during the period. Northern Trust Corp boosted its position in shares of NatWest Group by 45.6% in the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock valued at $32,982,000 after acquiring an additional 1,014,926 shares during the period. Bank of America Corp DE lifted its position in NatWest Group by 25.1% during the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock worth $47,924,000 after purchasing an additional 944,464 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in NatWest Group by 1,506.7% during the fourth quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company's stock worth $7,630,000 after acquiring an additional 703,534 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Citigroup restated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NatWest Group currently has a consensus rating of "Moderate Buy".

NatWest Group Stock Performance

Shares of NYSE:NWG traded up $0.31 during midday trading on Friday, reaching $14.20. The company had a trading volume of 2,246,361 shares, compared to its average volume of 5,038,615. The company's 50 day moving average price is $13.86 and its 200 day moving average price is $12.69. 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 has a market cap of $57.49 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.81 and a beta of 1.07. NatWest Group plc has a 52-week low of $8.55 and a 52-week high of $14.55.

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

NatWest Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be paid a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date is Friday, August 8th. NatWest Group's payout ratio is currently 49.68%.

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.