HighTower Advisors LLC Acquires 47,058 Shares of NatWest Group plc $NWG

HighTower Advisors LLC boosted its position in shares of NatWest Group plc (NYSE:NWG) by 25.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 234,275 shares of the company’s stock after purchasing an additional 47,058 shares during the period. HighTower Advisors LLC’s holdings in NatWest Group were worth $2,793,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in NatWest Group by 374.5% during the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock valued at $25,000 after purchasing an additional 1,659 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of NatWest Group in the 1st quarter worth approximately $29,000. Pinnacle Bancorp Inc. purchased a new stake in shares of NatWest Group in the 1st quarter worth approximately $30,000. Wayfinding Financial LLC purchased a new position in NatWest Group in the first quarter worth $39,000. Finally, Lazard Asset Management LLC acquired a new position in shares of NatWest Group during the fourth quarter worth $44,000. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Trading Up 0.7%

NYSE NWG opened at $15.3550 on Friday. 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 company has a fifty day simple moving average of $14.00 and a two-hundred day simple moving average of $13.00. NatWest Group plc has a 12-month low of $8.55 and a 12-month high of $15.40. The stock has a market cap of $62.17 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.88 and a beta of 1.07.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $4.06 billion. On average, analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be issued a dividend of $0.255 per share. This represents a dividend yield of 390.0%. The ex-dividend date of this dividend is Friday, August 8th. NatWest Group’s dividend payout ratio (DPR) is 31.61%.

Analyst Upgrades and Downgrades

NWG has been the topic of a number of recent analyst reports. Zacks Research downgraded NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a report on Monday, April 28th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate 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.