Sagespring Wealth Partners LLC Purchases 4,747 Shares of NatWest Group plc $NWG

Sagespring Wealth Partners LLC boosted its position in NatWest Group plc (NYSE:NWG) by 18.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,056 shares of the company’s stock after acquiring an additional 4,747 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in NatWest Group were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in NatWest Group by 374.5% in the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock valued at $25,000 after acquiring an additional 1,659 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in shares of NatWest Group during the second quarter valued at about $26,000. Zions Bancorporation National Association UT bought a new position in shares of NatWest Group during the first quarter valued at about $29,000. Pinnacle Bancorp Inc. bought a new position in shares of NatWest Group during the first quarter valued at about $30,000. Finally, Wayfinding Financial LLC bought a new position in shares of NatWest Group during the first quarter valued at about $39,000. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

NatWest Group stock opened at $14.58 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $14.46 and a 200-day moving average of $13.71. The firm has a market cap of $58.63 billion, a P/E ratio of 9.41, a P/E/G ratio of 0.74 and a beta of 1.05. NatWest Group plc has a 1-year low of $9.16 and a 1-year high of $15.52.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $4.06 billion. Sell-side analysts expect that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NWG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research note on Wednesday, October 8th. BNP Paribas Exane cut NatWest Group from a “neutral” rating to an “underperform” rating in a research note on Friday, September 5th. BNP Paribas cut NatWest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 5th. Finally, Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, NatWest Group has an average rating of “Hold”.

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.