240,420 Shares in NatWest Group plc $NWG Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC bought a new position in NatWest Group plc (NYSE:NWG) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 240,420 shares of the company’s stock, valued at approximately $4,239,000.

Several other large investors have also recently bought and sold shares of the company. Wealthstar Advisors LLC grew its holdings in shares of NatWest Group by 1.5% during the fourth quarter. Wealthstar Advisors LLC now owns 40,576 shares of the company’s stock worth $710,000 after purchasing an additional 595 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in NatWest Group by 17.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,667 shares of the company’s stock valued at $82,000 after buying an additional 695 shares during the last quarter. Evergreen Capital Management LLC boosted its position in NatWest Group by 2.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company’s stock worth $414,000 after buying an additional 697 shares during the period. Vise Technologies Inc. grew its holdings in NatWest Group by 1.6% during the 3rd quarter. Vise Technologies Inc. now owns 46,783 shares of the company’s stock worth $662,000 after acquiring an additional 733 shares during the last quarter. Finally, Arlington Capital Management Inc. grew its holdings in NatWest Group by 4.8% during the 1st quarter. Arlington Capital Management Inc. now owns 18,003 shares of the company’s stock worth $268,000 after acquiring an additional 823 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NWG. Berenberg Bank assumed coverage on shares of NatWest Group in a research note on Wednesday, June 24th. They set a “buy” rating for the company. BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Weiss Ratings upgraded NatWest Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. Finally, Wall Street Zen downgraded NatWest Group from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

NatWest Group Stock Up 0.6%

Shares of NYSE:NWG opened at $18.74 on Tuesday. NatWest Group plc has a 1 year low of $13.56 and a 1 year high of $19.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The business’s 50-day moving average is $18.11 and its 200-day moving average is $16.69. The company has a market capitalization of $74.57 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 0.96 and a beta of 0.92.

NatWest Group (NYSE:NWG) last released its earnings results on Thursday, July 30th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.The business had revenue of $5.89 billion during the quarter, compared to analysts’ expectations of $5.90 billion. Equities research analysts predict that NatWest Group plc will post 1.98 earnings per share for the current year.

NatWest Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 14th will be given a dividend of $0.3222 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a dividend yield of 337.0%. NatWest Group’s dividend payout ratio (DPR) is 31.34%.

NatWest Group Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.