Laird Norton Wetherby Wealth Management LLC Sells 1,611 Shares of NatWest Group plc (NYSE:NWG)

Laird Norton Wetherby Wealth Management LLC lessened its stake in shares of NatWest Group plc (NYSE:NWG) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,331 shares of the company’s stock after selling 1,611 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in NatWest Group were worth $583,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. OneAscent Financial Services LLC lifted its position in shares of NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company’s stock worth $124,000 after buying an additional 926 shares during the period. Adero Partners LLC lifted its position in shares of NatWest Group by 9.5% during the 4th quarter. Adero Partners LLC now owns 11,738 shares of the company’s stock worth $119,000 after buying an additional 1,014 shares during the period. Gallacher Capital Management LLC lifted its position in shares of NatWest Group by 2.3% during the 4th quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company’s stock worth $497,000 after buying an additional 1,093 shares during the period. Pitcairn Co. lifted its position in shares of NatWest Group by 7.4% during the 4th quarter. Pitcairn Co. now owns 17,223 shares of the company’s stock worth $175,000 after buying an additional 1,193 shares during the period. Finally, Optas LLC lifted its position in shares of NatWest Group by 11.5% during the 4th quarter. Optas LLC now owns 11,912 shares of the company’s stock worth $121,000 after buying an additional 1,228 shares during the period. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Up 0.8%

NYSE NWG opened at $13.38 on Friday. NatWest Group plc has a 52 week low of $7.80 and a 52 week high of $13.44. The stock has a fifty day moving average of $12.22 and a 200-day moving average of $11.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $53.88 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01.

NatWest Group (NYSE:NWG) last posted its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. On average, equities research analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 14th were paid a $0.3899 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. NatWest Group’s dividend payout ratio is 51.68%.

Analyst Ratings Changes

Several equities analysts have issued reports on NWG shares. Peel Hunt downgraded NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 6th. Citigroup reiterated a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th. Finally, BNP Paribas downgraded NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.