Fifth Third Bancorp Raises Position in NatWest Group plc $NWG

Fifth Third Bancorp boosted its holdings in NatWest Group plc (NYSE:NWG) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,688 shares of the company’s stock after purchasing an additional 7,735 shares during the period. Fifth Third Bancorp’s holdings in NatWest Group were worth $1,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Pacer Advisors Inc. increased its holdings in shares of NatWest Group by 3.0% in the first quarter. Pacer Advisors Inc. now owns 28,042 shares of the company’s stock worth $334,000 after buying an additional 807 shares during the period. Commerce Bank increased its stake in NatWest Group by 5.2% in the 1st quarter. Commerce Bank now owns 16,511 shares of the company’s stock worth $197,000 after purchasing an additional 818 shares during the period. Aaron Wealth Advisors LLC lifted its position in NatWest Group by 2.4% in the first quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company’s stock valued at $428,000 after purchasing an additional 831 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of NatWest Group by 7.1% during the first quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company’s stock valued at $150,000 after purchasing an additional 833 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in shares of NatWest Group by 1.5% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 58,549 shares of the company’s stock valued at $698,000 after purchasing an additional 850 shares during the period. 1.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NWG shares. BNP Paribas lowered shares of NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research note on Friday, September 5th. Finally, Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, NatWest Group currently has a consensus rating of “Hold”.

NatWest Group Trading Up 2.9%

NYSE:NWG opened at $14.02 on Monday. The company has a 50-day moving average price of $14.30 and a 200-day moving average price of $13.49. The stock has a market cap of $56.61 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.80 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 12 month low of $8.69 and a 12 month high of $15.52.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, July 25th. The company reported $0.41 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $4.06 billion. Equities analysts predict that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 8th were paid a $0.255 dividend. This represents a dividend yield of 390.0%. The ex-dividend date was Friday, August 8th. NatWest Group’s dividend payout ratio (DPR) is presently 32.26%.

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.