Truist Financial Corp Makes New $67,000 Investment in NatWest Group plc (NYSE:NWG)

Truist Financial Corp bought a new position in NatWest Group plc (NYSE:NWG) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,216 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds also recently bought and sold shares of the company. Checchi Capital Advisers LLC raised its holdings in shares of NatWest Group by 8.8% during the fourth quarter. Checchi Capital Advisers LLC now owns 17,579 shares of the company’s stock worth $114,000 after acquiring an additional 1,422 shares during the period. HighTower Advisors LLC raised its holdings in shares of NatWest Group by 15.0% during the fourth quarter. HighTower Advisors LLC now owns 12,975 shares of the company’s stock worth $83,000 after acquiring an additional 1,696 shares during the period. Addison Advisors LLC raised its holdings in shares of NatWest Group by 48.1% during the fourth quarter. Addison Advisors LLC now owns 5,993 shares of the company’s stock worth $39,000 after acquiring an additional 1,947 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in shares of NatWest Group by 4.3% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 50,045 shares of the company’s stock worth $323,000 after acquiring an additional 2,074 shares during the period. Finally, Fiera Capital Corp raised its holdings in shares of NatWest Group by 8.5% during the fourth quarter. Fiera Capital Corp now owns 28,590 shares of the company’s stock worth $185,000 after acquiring an additional 2,248 shares during the period. 1.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BNP Paribas lowered shares of NatWest Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 21st.

NatWest Group Stock Up 1.3 %

NatWest Group stock opened at $5.98 on Wednesday. The company has a market cap of $27.33 billion, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 0.27 and a beta of 1.24. NatWest Group plc has a 1-year low of $4.70 and a 1-year high of $7.80. The company has a fifty day simple moving average of $6.11 and a 200 day simple moving average of $6.51. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

NatWest Group Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 11th will be given a $0.1415 dividend. This represents a yield of 6%. The ex-dividend date is Thursday, August 10th. NatWest Group’s dividend payout ratio (DPR) is currently 28.72%.

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.