Tudor Investment Corp ET AL Buys New Stake in NatWest Group plc $NWG

Tudor Investment Corp ET AL bought a new stake in shares of NatWest Group plc (NYSE:NWG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 492,498 shares of the company’s stock, valued at approximately $6,969,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NWG. Larson Financial Group LLC lifted its holdings in shares of NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after acquiring an additional 1,484 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of NatWest Group by 2,941.7% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock valued at $27,000 after acquiring an additional 1,765 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of NatWest Group by 88.7% during the 3rd quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock valued at $29,000 after acquiring an additional 972 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of NatWest Group by 186.8% during the 3rd quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock valued at $39,000 after acquiring an additional 1,784 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of NatWest Group during the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Ratings Changes

NWG has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. BNP Paribas Exane upgraded shares of NatWest Group from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. Barclays reiterated an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. Finally, Zacks Research upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

NatWest Group Stock Performance

Shares of NWG stock opened at $15.34 on Wednesday. NatWest Group plc has a 12 month low of $10.42 and a 12 month high of $19.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $61.17 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.51 and a beta of 0.96. The company’s fifty day moving average price is $16.16 and its two-hundred day moving average price is $16.11.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. On average, research analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, March 20th will be paid a $0.621 dividend. This represents a dividend yield of 895.0%. The ex-dividend date is Friday, March 20th. NatWest Group’s dividend payout ratio is 67.60%.

About NatWest Group

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.