Yousif Capital Management LLC Grows Stock Holdings in NatWest Group plc $NWG

Yousif Capital Management LLC raised its position in shares of NatWest Group plc (NYSE:NWG) by 10.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,075 shares of the company’s stock after buying an additional 3,825 shares during the period. Yousif Capital Management LLC’s holdings in NatWest Group were worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of NatWest Group by 1,102.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company’s stock valued at $7,161,000 after acquiring an additional 550,764 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of NatWest Group in the first quarter valued at $293,000. Graham Capital Management L.P. acquired a new stake in shares of NatWest Group in the first quarter valued at $1,053,000. Envestnet Asset Management Inc. raised its stake in shares of NatWest Group by 28.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company’s stock valued at $32,715,000 after acquiring an additional 611,323 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of NatWest Group by 25.1% in the first quarter. HighTower Advisors LLC now owns 234,275 shares of the company’s stock valued at $2,793,000 after acquiring an additional 47,058 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Stock Up 1.9%

Shares of NYSE:NWG opened at $14.63 on Thursday. The stock has a market cap of $58.81 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.73 and a beta of 1.05. The firm has a fifty day moving average price of $14.45 and a 200 day moving average price of $13.79. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. NatWest Group plc has a 1-year low of $9.16 and a 1-year 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 return on equity of 11.99% and a net margin of 16.84%.The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $4.06 billion. Sell-side analysts predict that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 8th were issued 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 currently 32.26%.

Wall Street Analyst Weigh In

NWG has been the topic of several analyst reports. Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Wednesday, October 8th. BNP Paribas cut NatWest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 5th. Finally, BNP Paribas Exane lowered NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Two 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 company’s stock. According to MarketBeat, NatWest Group has an average 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.