Janney Montgomery Scott LLC increased its stake in shares of NatWest Group plc (NYSE:NWG – Free Report) by 13.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,689 shares of the company’s stock after buying an additional 14,014 shares during the period. Janney Montgomery Scott LLC’s holdings in NatWest Group were worth $1,637,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in NWG. Millennium Management LLC increased its holdings in NatWest Group by 364.3% during the first quarter. Millennium Management LLC now owns 2,938,011 shares of the company’s stock worth $35,021,000 after buying an additional 2,305,175 shares during the last quarter. Natixis Advisors LLC increased its holdings in NatWest Group by 11.8% during the first quarter. Natixis Advisors LLC now owns 12,429,659 shares of the company’s stock worth $148,162,000 after buying an additional 1,311,476 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in NatWest Group by 28.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company’s stock worth $32,715,000 after buying an additional 611,323 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in NatWest Group by 1,102.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company’s stock worth $7,161,000 after buying an additional 550,764 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in NatWest Group by 20.3% during the first quarter. Raymond James Financial Inc. now owns 3,233,255 shares of the company’s stock worth $38,540,000 after buying an additional 545,017 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. BNP Paribas downgraded shares of NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday. BNP Paribas Exane lowered shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Finally, Zacks Research lowered 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 given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.
NatWest Group Trading Down 0.3%
Shares of NatWest Group stock opened at $14.40 on Friday. NatWest Group plc has a 1 year low of $9.16 and a 1 year high of $15.52. The firm has a market cap of $57.90 billion, a PE ratio of 9.29, a PEG ratio of 0.73 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. The company has a 50 day simple moving average of $14.42 and a two-hundred day simple moving average of $13.65.
NatWest Group (NYSE:NWG – Get Free Report) last announced its earnings results on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $4.06 billion. Analysts expect that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.
NatWest Group Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a dividend yield of 390.0%. NatWest Group’s dividend payout ratio (DPR) is 32.26%.
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.
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