NatWest Group plc $NWG Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its stake in shares of NatWest Group plc (NYSE:NWG) by 18.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 61,736 shares of the company’s stock after acquiring an additional 9,464 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in NatWest Group were worth $874,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC acquired a new position in NatWest Group during the second quarter worth $26,000. Bessemer Group Inc. raised its position in NatWest Group by 374.5% during the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock worth $25,000 after acquiring an additional 1,659 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of NatWest Group in the first quarter valued at about $29,000. Pinnacle Bancorp Inc. acquired a new stake in shares of NatWest Group in the first quarter valued at about $30,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of NatWest Group in the first quarter valued at about $39,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Trading Down 1.3%

Shares of NWG opened at $14.40 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 12-month low of $9.16 and a 12-month high of $15.52. The firm has a 50-day moving average price of $14.46 and a 200 day moving average price of $13.75. The firm has a market capitalization of $57.90 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.73 and a beta of 1.05.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $4.06 billion. Sell-side analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

The business also recently announced 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. This represents a yield of 390.0%. The ex-dividend date of this dividend was Friday, August 8th. NatWest Group’s dividend payout ratio (DPR) is 32.26%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NWG shares. BNP Paribas Exane cut shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. BNP Paribas cut shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. Two investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About NatWest Group

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.