Wealth Enhancement Advisory Services LLC Acquires 25,626 Shares of NatWest Group plc $NWG

Wealth Enhancement Advisory Services LLC grew its position in shares of NatWest Group plc (NYSE:NWG) by 38.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,458 shares of the company’s stock after acquiring an additional 25,626 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in NatWest Group were worth $1,243,000 as of its most recent SEC filing.

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

NatWest Group Trading Up 1.4%

NYSE:NWG opened at $14.15 on Wednesday. The company’s 50 day moving average price is $14.32 and its 200-day moving average price is $13.51. NatWest Group plc has a 52 week low of $8.69 and a 52 week high of $15.52. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The stock has a market cap of $57.13 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.79 and a beta of 1.08.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating 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 firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $4.06 billion. On average, equities research analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BNP Paribas Exane cut shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. BNP Paribas cut shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Finally, Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, NatWest Group has a consensus rating of “Hold”.

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.