NatWest Group plc $NWG Shares Purchased by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group increased its position in shares of NatWest Group plc (NYSE:NWG) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,978 shares of the company’s stock after purchasing an additional 3,757 shares during the quarter. Rehmann Capital Advisory Group’s holdings in NatWest Group were worth $976,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of NatWest Group by 1,102.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company’s stock worth $7,161,000 after acquiring an additional 550,764 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in shares of NatWest Group in the first quarter worth $293,000. Graham Capital Management L.P. acquired a new position in NatWest Group in the first quarter valued at $1,053,000. Envestnet Asset Management Inc. increased its stake in NatWest Group by 28.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company’s stock valued at $32,715,000 after purchasing an additional 611,323 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in NatWest Group by 25.1% in the first quarter. HighTower Advisors LLC now owns 234,275 shares of the company’s stock valued at $2,793,000 after purchasing an additional 47,058 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Price Performance

Shares of NYSE NWG opened at $14.63 on Thursday. NatWest Group plc has a 1-year low of $9.16 and a 1-year high of $15.52. The business has a 50-day moving average of $14.45 and a 200-day moving average of $13.79. 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 capitalization of $58.81 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.73 and a beta of 1.05.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%.The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $4.06 billion. On average, equities analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on NWG shares. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. BNP Paribas Exane downgraded NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Finally, BNP Paribas downgraded 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 issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, NatWest Group presently has an average rating of “Hold”.

NatWest Group Company 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.