Blue Trust Inc. Boosts Holdings in NatWest Group plc $NWG

Blue Trust Inc. boosted its position in NatWest Group plc (NYSE:NWG) by 6.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,410 shares of the company’s stock after buying an additional 3,882 shares during the period. Blue Trust Inc.’s holdings in NatWest Group were worth $940,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of NatWest Group by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 28,042 shares of the company’s stock worth $334,000 after purchasing an additional 807 shares in the last quarter. Commerce Bank boosted its position in shares of NatWest Group by 5.2% during the 1st quarter. Commerce Bank now owns 16,511 shares of the company’s stock worth $197,000 after purchasing an additional 818 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of NatWest Group by 2.4% during the 1st quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company’s stock worth $428,000 after purchasing an additional 831 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of NatWest Group by 7.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company’s stock worth $150,000 after purchasing an additional 833 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of NatWest Group by 1.5% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 58,549 shares of the company’s stock worth $698,000 after purchasing an additional 850 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on NWG. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. BNP Paribas lowered shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday. Finally, BNP Paribas Exane downgraded NatWest Group from a “neutral” rating to an “underperform” rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, NatWest Group presently has an average rating of “Hold”.

NatWest Group Trading Down 0.3%

NYSE:NWG opened at $14.40 on Friday. The company has a market capitalization of $57.90 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 0.73 and a beta of 1.05. 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 52-week low of $9.16 and a 52-week high of $15.52. The stock has a fifty day simple moving average of $14.42 and a 200-day simple moving average of $13.65.

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

NatWest Group Cuts Dividend

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

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.