Manning & Napier Advisors LLC bought a new stake in NatWest Group plc (NYSE:NWG – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 240,420 shares of the company’s stock, valued at approximately $4,239,000.
Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its holdings in NatWest Group by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 40,912,201 shares of the company’s stock worth $715,964,000 after acquiring an additional 1,677,879 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of NatWest Group during the third quarter valued at approximately $16,650,000. Bank of America Corp DE increased its holdings in shares of NatWest Group by 17.8% during the first quarter. Bank of America Corp DE now owns 6,948,264 shares of the company’s stock valued at $103,529,000 after acquiring an additional 1,048,804 shares in the last quarter. Morgan Stanley raised its position in shares of NatWest Group by 10.0% during the fourth quarter. Morgan Stanley now owns 11,061,146 shares of the company’s stock worth $193,570,000 after purchasing an additional 1,009,044 shares during the period. Finally, Citadel Advisors LLC raised its position in shares of NatWest Group by 150.7% during the third quarter. Citadel Advisors LLC now owns 1,612,872 shares of the company’s stock worth $22,822,000 after purchasing an additional 969,546 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently issued reports on NWG. BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of NatWest Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Weiss Ratings upgraded shares of NatWest Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Finally, Berenberg Bank assumed coverage on shares of NatWest Group in a research report on Wednesday, June 24th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.
NatWest Group Stock Performance
NYSE NWG opened at $18.74 on Tuesday. NatWest Group plc has a 52-week low of $13.56 and a 52-week high of $19.42. The company has a 50-day simple moving average of $18.11 and a 200 day simple moving average of $16.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03. The company has a market capitalization of $74.57 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.96 and a beta of 0.92.
NatWest Group (NYSE:NWG – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The firm had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.90 billion. On average, research analysts predict that NatWest Group plc will post 1.98 EPS for the current year.
NatWest Group Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 14th will be issued a $0.3222 dividend. This represents a dividend yield of 337.0%. The ex-dividend date of this dividend is Friday, August 14th. NatWest Group’s payout ratio is 31.34%.
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.
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