NatWest Group plc $NWG Shares Purchased by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in NatWest Group plc by 103.5%, acquiring an additional 95,551 shares during the first quarter, bringing its total holdings to 187,880 shares worth approximately $2.24 million.
• Citigroup reaffirmed its "buy" rating on NatWest Group, with one analyst holding a "hold" rating and four issuing a "buy" rating, indicating a consensus of "Moderate Buy."
• NatWest Group announced a semi-annual dividend of $0.255 per share, which offers a significant dividend yield of 390.0%, reflecting a steady return for shareholders despite the recent cutbacks.

Vestmark Advisory Solutions Inc. lifted its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 103.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,880 shares of the company's stock after buying an additional 95,551 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in NatWest Group were worth $2,240,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of NatWest Group by 1,102.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company's stock valued at $7,161,000 after acquiring an additional 550,764 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of NatWest Group by 153.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company's stock valued at $715,000 after purchasing an additional 42,567 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in NatWest Group during the first quarter worth $293,000. Envestnet Asset Management Inc. raised its holdings in shares of NatWest Group by 28.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock valued at $32,715,000 after acquiring an additional 611,323 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of NatWest Group by 309.8% in the first quarter. Janney Montgomery Scott LLC now owns 101,675 shares of the company's stock valued at $1,212,000 after acquiring an additional 76,866 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup reiterated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. Zacks Research lowered NatWest Group from a "strong-buy" rating to a "hold" rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

NatWest Group Stock Performance

NWG traded up $0.0850 during trading on Thursday, hitting $15.1650. 1,691,960 shares of the stock were exchanged, compared to its average volume of 4,921,046. The firm has a market capitalization of $61.40 billion, a P/E ratio of 9.80, a PEG ratio of 0.85 and a beta of 1.07. NatWest Group plc has a 1-year low of $8.55 and a 1-year high of $15.24. The stock has a fifty day moving average price of $13.95 and a two-hundred day moving average price of $12.94. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%.The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $4.06 billion. As a group, sell-side 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 will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.255 per share. The ex-dividend date is Friday, August 8th. This represents a yield of 390.0%. NatWest Group's dividend payout ratio is currently 32.26%.

NatWest Group Company 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.