US Bancorp DE Raises Position in NatWest Group plc $NWG

US Bancorp DE grew its holdings in shares of NatWest Group plc (NYSE:NWG) by 12.4% in the third quarter, HoldingsChannel reports. The fund owned 707,430 shares of the company’s stock after purchasing an additional 78,179 shares during the quarter. US Bancorp DE’s holdings in NatWest Group were worth $10,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evergreen Capital Management LLC lifted its position in NatWest Group by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock valued at $414,000 after purchasing an additional 697 shares in the last quarter. Signaturefd LLC raised its stake in shares of NatWest Group by 1.1% in the third quarter. Signaturefd LLC now owns 63,621 shares of the company’s stock worth $900,000 after buying an additional 702 shares during the period. First Horizon Advisors Inc. lifted its position in shares of NatWest Group by 22.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock valued at $57,000 after buying an additional 746 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of NatWest Group by 1.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 45,585 shares of the company’s stock valued at $645,000 after acquiring an additional 805 shares during the period. Finally, Bessemer Group Inc. increased its holdings in NatWest Group by 88.7% in the 3rd quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock worth $29,000 after acquiring an additional 972 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays restated an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research report on Thursday, January 22nd. The Goldman Sachs Group reiterated 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. Finally, BNP Paribas Exane upgraded NatWest Group from a “strong sell” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

NatWest Group Price Performance

NatWest Group stock opened at $16.58 on Friday. NatWest Group plc has a 52-week low of $10.40 and a 52-week high of $19.35. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $17.42 and its 200 day moving average is $15.97. The company has a market cap of $66.25 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.56 and a beta of 0.96.

NatWest Group (NYSE:NWG) last posted its earnings results on Thursday, February 12th. The company reported $0.46 earnings per share 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 the consensus estimate of $5.59 billion. Sell-side analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Dividend Announcement

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

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.