OLD National Bancorp IN Cuts Position in NatWest Group plc (NYSE:NWG)

OLD National Bancorp IN trimmed its position in NatWest Group plc (NYSE:NWG) by 25.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,645 shares of the company’s stock after selling 6,531 shares during the period. OLD National Bancorp IN’s holdings in NatWest Group were worth $175,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in NatWest Group by 6.7% in the 3rd quarter. Raymond James & Associates now owns 2,564,252 shares of the company’s stock worth $24,001,000 after buying an additional 162,068 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of NatWest Group by 108.2% during the 3rd quarter. Blue Trust Inc. now owns 63,924 shares of the company’s stock worth $598,000 after purchasing an additional 33,218 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of NatWest Group by 28.9% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 32,575 shares of the company’s stock worth $305,000 after purchasing an additional 7,308 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of NatWest Group by 29.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 24,057 shares of the company’s stock worth $225,000 after purchasing an additional 5,403 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of NatWest Group by 21.0% during the 3rd quarter. Creative Planning now owns 144,276 shares of the company’s stock worth $1,350,000 after purchasing an additional 25,075 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Price Performance

Shares of NYSE NWG opened at $9.31 on Thursday. 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 cap of $38.66 billion, a price-to-earnings ratio of 7.69 and a beta of 1.33. The stock’s 50-day moving average is $9.15 and its two-hundred day moving average is $8.49. NatWest Group plc has a 1-year low of $4.30 and a 1-year high of $9.68.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, July 26th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $4.62 billion during the quarter. Analysts forecast that NatWest Group plc will post 1.23 EPS for the current fiscal year.

NatWest Group Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group upgraded NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group began coverage on NatWest Group in a report on Friday, October 4th. They issued a “buy” rating on the stock. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Kepler Capital Markets began coverage on NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NatWest Group has an average rating of “Buy”.

About NatWest Group

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.