Benjamin F. Edwards & Company Inc. Takes $163,000 Position in NatWest Group plc (NYSE:NWG)

Benjamin F. Edwards & Company Inc. bought a new position in NatWest Group plc (NYSE:NWG) during the second quarter, HoldingsChannel reports. The firm bought 20,294 shares of the company’s stock, valued at approximately $163,000.

Several other hedge funds have also bought and sold shares of the business. SageView Advisory Group LLC bought a new position in shares of NatWest Group in the first quarter valued at $27,000. GAMMA Investing LLC raised its holdings 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 acquiring an additional 1,810 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in NatWest Group in the 1st quarter valued at about $44,000. Sage Rhino Capital LLC acquired a new position in NatWest Group during the 1st quarter valued at about $68,000. Finally, Vicus Capital bought a new stake in NatWest Group during the 1st quarter worth approximately $75,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Kepler Capital Markets initiated coverage on NatWest Group in a research report on Thursday, September 5th. They set a “buy” rating on the stock. UBS Group upgraded NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

NatWest Group Trading Up 3.4 %

Shares of NWG stock opened at $9.42 on Friday. NatWest Group plc has a 52-week low of $4.30 and a 52-week high of $9.68. The company has a 50-day simple moving average of $8.98 and a two-hundred day simple moving average of $8.13. The company has a market capitalization of $39.12 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 2.03 and a beta of 1.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.08 and a current ratio of 1.07.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.35 EPS for the quarter. The business had revenue of $4.62 billion for the quarter. Research analysts anticipate that NatWest Group plc will post 1.05 EPS for the current fiscal year.

NatWest Group Increases Dividend

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

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.