Envestnet Portfolio Solutions Inc. Purchases 9,464 Shares of NatWest Group plc $NWG

Envestnet Portfolio Solutions Inc. boosted its stake in shares of NatWest Group plc (NYSE:NWG) by 18.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,736 shares of the company’s stock after purchasing an additional 9,464 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in NatWest Group were worth $874,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Pacer Advisors Inc. grew its position in 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 during the last quarter. Commerce Bank grew its position in 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 during the last quarter. Aaron Wealth Advisors LLC grew its position in 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 during the last quarter. Checchi Capital Advisers LLC grew its position in 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 during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its position in 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 during the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

Shares of NYSE NWG opened at $14.40 on Monday. The company’s fifty day moving average price is $14.46 and its 200 day moving average price is $13.75. NatWest Group plc has a 1 year low of $9.16 and a 1 year high of $15.52. 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 debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05.

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

NatWest Group Cuts Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on NWG. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. BNP Paribas downgraded shares of NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Two equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

NatWest Group 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.