NatWest Group plc (NYSE:NWG) Holdings Boosted by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in NatWest Group plc (NYSE:NWG) by 31.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,386 shares of the company’s stock after purchasing an additional 8,280 shares during the period. Park Avenue Securities LLC’s holdings in NatWest Group were worth $322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NWG. SageView Advisory Group LLC purchased a new stake in NatWest Group in the 1st quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of NatWest Group by 45.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $32,000 after purchasing an additional 1,259 shares during the period. GAMMA Investing LLC grew its position in NatWest Group by 65.7% during the second quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock valued at $37,000 after purchasing an additional 1,810 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in NatWest Group in the 1st quarter valued at approximately $44,000. Finally, 9258 Wealth Management LLC purchased a new stake in NatWest Group in 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

A number of research firms have recently weighed in on NWG. UBS Group raised shares of NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. Kepler Capital Markets assumed coverage on NatWest Group in a research note on Thursday, September 5th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group began coverage on NatWest Group in a research note on Friday, October 4th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

NatWest Group Trading Up 0.5 %

NatWest Group stock opened at $9.36 on Monday. NatWest Group plc has a one year low of $4.30 and a one year high of $9.68. The company’s fifty day moving average price is $9.03 and its two-hundred day moving average price is $8.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.08. The company has a market capitalization of $38.97 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 2.36 and a beta of 1.33.

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

NatWest Group Increases Dividend

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

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.