GAMMA Investing LLC Grows Holdings in NatWest Group plc (NYSE:NWG)

GAMMA Investing LLC increased its stake in shares of NatWest Group plc (NYSE:NWG) by 61.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,391 shares of the company’s stock after purchasing an additional 2,825 shares during the period. GAMMA Investing LLC’s holdings in NatWest Group were worth $69,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its stake in shares of NatWest Group by 28.4% in the second quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock valued at $77,721,000 after purchasing an additional 2,139,290 shares during the period. Raymond James & Associates increased its holdings in NatWest Group by 46.8% in the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock valued at $19,290,000 after buying an additional 765,671 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of NatWest Group by 55.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after acquiring an additional 627,097 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in NatWest Group by 18.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,398,671 shares of the company’s stock valued at $16,311,000 after purchasing an additional 370,200 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in NatWest Group by 49.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 993,364 shares of the company’s stock valued at $6,755,000 after purchasing an additional 328,518 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Trading Down 0.4 %

Shares of NatWest Group stock opened at $9.32 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.08 and a current ratio of 1.07. The company has a market capitalization of $38.78 billion, a P/E ratio of 7.70, a PEG ratio of 2.36 and a beta of 1.33. NatWest Group plc has a 1 year low of $4.30 and a 1 year high of $9.68. The company’s fifty day moving average is $9.07 and its two-hundred day moving average is $8.41.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $4.62 billion during the quarter. Analysts forecast that NatWest Group plc will post 0.92 earnings per share for the current year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were paid a dividend of $0.1543 per share. This represents a dividend yield of 4.3%. The ex-dividend date was Friday, August 9th. This is a boost from NatWest Group’s previous semi-annual dividend of $0.14. NatWest Group’s dividend payout ratio is 25.62%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group started coverage on NatWest Group in a report on Friday, October 4th. They set a “buy” rating on the stock. Kepler Capital Markets assumed coverage on NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, NatWest Group presently has a consensus rating of “Buy”.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.