Consolidated Planning Corp Has $6.89 Million Stock Holdings in NatWest Group plc $NWG

Consolidated Planning Corp lifted its stake in NatWest Group plc (NYSE:NWG) by 0.9% in the second quarter, HoldingsChannel reports. The firm owned 487,149 shares of the company’s stock after purchasing an additional 4,319 shares during the period. Consolidated Planning Corp’s holdings in NatWest Group were worth $6,893,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Bessemer Group Inc. lifted its stake in NatWest Group by 374.5% during the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock valued at $25,000 after buying an additional 1,659 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of NatWest Group during the second quarter valued at approximately $26,000. Zions Bancorporation National Association UT purchased a new stake in shares of NatWest Group in the 1st quarter valued at approximately $29,000. Pinnacle Bancorp Inc. acquired a new position in NatWest Group in the 1st quarter worth approximately $30,000. Finally, Wayfinding Financial LLC purchased a new position in NatWest Group during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

Shares of NWG opened at $14.28 on Thursday. The firm has a market cap of $57.64 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 0.80 and a beta of 1.05. The company’s fifty day moving average is $14.33 and its 200-day moving average is $13.52. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 12 month low of $8.69 and a 12 month high of $15.52.

NatWest Group (NYSE:NWG) last posted its earnings results on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $4.06 billion. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%. Equities analysts expect that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 8th were given a $0.255 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a dividend yield of 390.0%. NatWest Group’s dividend payout ratio (DPR) is currently 32.26%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NWG. BNP Paribas lowered NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Finally, Zacks Research cut shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NatWest Group presently has an average rating of “Hold”.

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.