Sagespring Wealth Partners LLC Raises Position in NatWest Group plc $NWG

Sagespring Wealth Partners LLC grew its holdings in shares of NatWest Group plc (NYSE:NWG) by 18.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 31,056 shares of the company’s stock after purchasing an additional 4,747 shares during the period. Sagespring Wealth Partners LLC’s holdings in NatWest Group were worth $439,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in shares of NatWest Group by 374.5% during the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock valued at $25,000 after purchasing an additional 1,659 shares during the last quarter. Dogwood Wealth Management LLC purchased a new position in shares of NatWest Group during the second quarter valued at approximately $26,000. Zions Bancorporation National Association UT purchased a new position in shares of NatWest Group during the first quarter valued at approximately $29,000. Pinnacle Bancorp Inc. purchased a new position in shares of NatWest Group during the first quarter valued at approximately $30,000. Finally, Wayfinding Financial LLC purchased a new position in shares of NatWest Group during the first quarter valued at approximately $39,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NWG has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, BNP Paribas downgraded shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, NatWest Group currently has a consensus rating of “Hold”.

NatWest Group Trading Down 0.3%

Shares of NWG stock opened at $14.58 on Friday. NatWest Group plc has a 1 year low of $9.16 and a 1 year high of $15.52. The firm has a fifty day moving average price of $14.46 and a 200-day moving average price of $13.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. The company has a market cap of $58.63 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.74 and a beta of 1.05.

NatWest Group (NYSE:NWG) last issued 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. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. As a group, equities analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were paid a $0.255 dividend. The ex-dividend date was Friday, August 8th. This represents a yield of 390.0%. NatWest Group’s payout ratio is presently 32.26%.

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.