NatWest Group plc $NWG Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in shares of NatWest Group plc (NYSE:NWG) by 197.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,330 shares of the company’s stock after buying an additional 135,087 shares during the quarter. Quantbot Technologies LP’s holdings in NatWest Group were worth $2,877,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC grew its stake in shares of NatWest Group by 2,941.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock valued at $27,000 after purchasing an additional 1,765 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of NatWest Group by 88.7% during the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock worth $29,000 after purchasing an additional 972 shares during the period. True Wealth Design LLC purchased a new position in NatWest Group in the 3rd quarter valued at $49,000. Geneos Wealth Management Inc. increased its stake in NatWest Group by 35.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock valued at $55,000 after buying an additional 1,195 shares during the period. Finally, First Horizon Advisors Inc. raised its position in NatWest Group by 22.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock worth $57,000 after buying an additional 746 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NWG. Barclays reiterated an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. BNP Paribas Exane raised NatWest Group from a “strong sell” rating to a “hold” rating in a research note on Friday. Zacks Research upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued 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

NYSE:NWG opened at $16.29 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $65.09 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. The firm has a 50-day moving average price of $17.40 and a two-hundred day moving average price of $15.99. NatWest Group plc has a twelve month low of $10.40 and a twelve month high of $19.35.

NatWest Group (NYSE:NWG) last released its earnings results on Thursday, February 12th. The company reported $0.46 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. As a group, research analysts expect that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, May 5th. Investors 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 (DPR) is 27.93%.

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.