Vestmark Advisory Solutions Inc. Purchases 64,579 Shares of NatWest Group plc $NWG

Vestmark Advisory Solutions Inc. lifted its position in shares of NatWest Group plc (NYSE:NWG) by 57.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,078 shares of the company’s stock after purchasing an additional 64,579 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in NatWest Group were worth $2,506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NWG. Bleakley Financial Group LLC lifted its position in NatWest Group by 15.1% during the third quarter. Bleakley Financial Group LLC now owns 42,944 shares of the company’s stock valued at $608,000 after buying an additional 5,624 shares during the period. Advisors Preferred LLC purchased a new position in shares of NatWest Group during the third quarter valued at approximately $507,000. Citigroup Inc. lifted its holdings in shares of NatWest Group by 3.7% during the third quarter. Citigroup Inc. now owns 306,318 shares of the company’s stock valued at $4,334,000 after purchasing an additional 11,005 shares during the last quarter. NewEdge Wealth LLC boosted its position in shares of NatWest Group by 13.1% in the 3rd quarter. NewEdge Wealth LLC now owns 307,879 shares of the company’s stock worth $4,772,000 after purchasing an additional 35,666 shares in the last quarter. Finally, Syon Capital LLC grew its stake in shares of NatWest Group by 34.3% in the 3rd quarter. Syon Capital LLC now owns 16,579 shares of the company’s stock worth $235,000 after buying an additional 4,237 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Price Performance

Shares of NWG opened at $16.59 on Wednesday. The firm has a fifty day simple moving average of $17.44 and a two-hundred day simple moving average of $15.93. The firm has a market cap of $66.27 billion, a PE ratio of 9.27, a P/E/G ratio of 0.56 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 1-year low of $10.40 and a 1-year high of $19.35.

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

NatWest Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, March 20th will be given a dividend of $0.621 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a dividend yield of 743.0%. NatWest Group’s dividend payout ratio is presently 27.93%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group reissued a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Zacks Research upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. Finally, Barclays restated an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

NatWest Group 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.