Advisors Preferred LLC Takes $507,000 Position in NatWest Group plc $NWG

Advisors Preferred LLC bought a new stake in shares of NatWest Group plc (NYSE:NWG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 35,575 shares of the company’s stock, valued at approximately $507,000.

Several other large investors have also recently added to or reduced their stakes in NWG. Salomon & Ludwin LLC raised its position in NatWest Group by 2,941.7% in the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock valued at $27,000 after purchasing an additional 1,765 shares during the period. Bessemer Group Inc. boosted 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 period. True Wealth Design LLC acquired a new stake in shares of NatWest Group in the third quarter valued at about $49,000. First Horizon Advisors Inc. raised 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 buying an additional 746 shares during the period. Finally, MAI Capital Management raised its holdings in shares of NatWest Group by 410.8% during the 2nd quarter. MAI Capital Management now owns 4,403 shares of the company’s stock valued at $62,000 after buying an additional 3,541 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NWG has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. Zacks Research raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Barclays restated an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

NatWest Group Stock Performance

NatWest Group stock opened at $16.83 on Friday. NatWest Group plc has a 52 week low of $10.40 and a 52 week high of $19.35. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The stock has a market cap of $67.22 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.57 and a beta of 0.96. The stock has a 50 day moving average of $17.46 and a 200-day moving average of $15.89.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.08. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.59 billion. On average, analysts expect that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Dividend Announcement

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

NatWest Group Company 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.