Blue Trust Inc. Grows Stake in NatWest Group plc (NYSE:NWG)

Blue Trust Inc. grew its position in NatWest Group plc (NYSE:NWG) by 58.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,706 shares of the company’s stock after buying an additional 11,368 shares during the quarter. Blue Trust Inc.’s holdings in NatWest Group were worth $247,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in NatWest Group by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 29,328 shares of the company’s stock valued at $236,000 after purchasing an additional 1,230 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in shares of NatWest Group by 4.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock worth $218,000 after buying an additional 1,501 shares during the last quarter. GAMMA Investing LLC grew its position in shares of NatWest Group by 65.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock worth $37,000 after buying an additional 1,810 shares during the last quarter. Addison Advisors LLC raised its stake in shares of NatWest Group by 48.9% during the 4th quarter. Addison Advisors LLC now owns 6,520 shares of the company’s stock worth $37,000 after acquiring an additional 2,141 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in NatWest Group by 2.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 97,668 shares of the company’s stock valued at $664,000 after acquiring an additional 2,268 shares during the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group raised NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

NatWest Group Price Performance

Shares of NYSE NWG opened at $9.16 on Monday. NatWest Group plc has a fifty-two week low of $4.30 and a fifty-two week high of $9.68. 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 cap of $38.03 billion, a PE ratio of 7.33, a P/E/G ratio of 1.98 and a beta of 1.35. The business has a 50-day simple moving average of $8.53 and a two-hundred day simple moving average of $7.52.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, July 26th. The company reported $0.35 EPS for the quarter. The company had revenue of $4.62 billion during the quarter. As a group, equities analysts expect that NatWest Group plc will post 1.05 EPS for the current fiscal year.

NatWest Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.1543 per share. The ex-dividend date of this dividend is Friday, August 9th. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.14. This represents a dividend yield of 4.3%.

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.