Tower Research Capital LLC TRC Lowers Position in NatWest Group plc (NYSE:NWG)

Tower Research Capital LLC TRC cut its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 86.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,937 shares of the company's stock after selling 25,493 shares during the period. Tower Research Capital LLC TRC's holdings in NatWest Group were worth $40,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Whipplewood Advisors LLC bought a new position in NatWest Group during the fourth quarter valued at $27,000. First Horizon Advisors Inc. grew its holdings in NatWest Group by 161.4% during the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock valued at $29,000 after purchasing an additional 1,787 shares during the period. Geneos Wealth Management Inc. bought a new position in NatWest Group during the fourth quarter valued at $35,000. Whittier Trust Co. bought a new position in NatWest Group during the fourth quarter valued at $42,000. Finally, Apollon Wealth Management LLC bought a new position in NatWest Group during the fourth quarter valued at $108,000. 1.27% of the stock is owned by institutional investors.

NatWest Group Stock Performance

Shares of NYSE:NWG traded up $0.24 during trading on Monday, hitting $13.85. 5,780,938 shares of the company were exchanged, compared to its average volume of 3,576,487. The company has a market cap of $55.78 billion, a PE ratio of 10.18, a P/E/G ratio of 0.85 and a beta of 1.01. The stock has a 50 day moving average of $12.30 and a 200 day moving average of $11.19. NatWest Group plc has a 52-week low of $7.80 and a 52-week high of $13.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06.

NatWest Group (NYSE:NWG - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion for the quarter, compared to analysts' expectations of $3.80 billion. As a group, equities research analysts predict that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, April 28th. Investors of record on Friday, March 14th were given a $0.3899 dividend. This represents a dividend yield of 3.8%. The ex-dividend date was Friday, March 14th. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's dividend payout ratio (DPR) is 51.68%.

Analysts Set New Price Targets

Several brokerages have weighed in on NWG. Peel Hunt lowered NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. Citigroup reissued a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. Finally, BNP Paribas downgraded NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

NatWest Group 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.