Chase Investment Counsel Corp Makes New $3.58 Million Investment in NatWest Group plc $NWG

Chase Investment Counsel Corp purchased a new stake in shares of NatWest Group plc (NYSE:NWG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 252,991 shares of the company’s stock, valued at approximately $3,579,000.

Several other institutional investors and hedge funds have also modified their holdings of NWG. Salomon & Ludwin LLC increased its position in NatWest Group by 2,941.7% during the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after buying an additional 1,765 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of NatWest Group by 88.7% in the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock worth $29,000 after buying an additional 972 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of NatWest Group during the 3rd quarter worth about $49,000. Geneos Wealth Management Inc. increased its holdings in shares of NatWest Group by 35.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock valued at $55,000 after acquiring an additional 1,195 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of NatWest Group by 22.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock valued at $57,000 after acquiring an additional 746 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Stock Performance

NYSE NWG opened at $16.64 on Tuesday. The company’s fifty day moving average is $17.45 and its two-hundred day moving average is $15.92. NatWest Group plc has a 52-week low of $10.40 and a 52-week high of $19.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $66.49 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 0.57 and a beta of 0.96.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.59 billion. Equities research analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, March 20th will be given a $0.621 dividend. The ex-dividend date is Friday, March 20th. This represents a dividend yield of 743.0%. NatWest Group’s dividend payout ratio (DPR) is currently 27.93%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NWG. Zacks Research upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. The Goldman Sachs Group reissued a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. Barclays restated an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

NatWest Group Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.