XTX Topco Ltd Invests $597,000 in NatWest Group plc (NYSE:NWG)

XTX Topco Ltd acquired a new position in NatWest Group plc (NYSE:NWG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 74,392 shares of the company’s stock, valued at approximately $597,000.

A number of other institutional investors have also made changes to their positions in NWG. Natixis Advisors LLC increased its stake in shares of NatWest Group by 28.4% in the second quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after purchasing an additional 2,139,290 shares during the period. Raymond James & Associates increased its stake in NatWest Group by 46.8% during the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock valued at $19,290,000 after acquiring an additional 765,671 shares during the period. Envestnet Asset Management Inc. increased its stake in NatWest Group by 55.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock valued at $14,127,000 after acquiring an additional 627,097 shares during the period. Dimensional Fund Advisors LP increased its stake in NatWest Group by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,632,743 shares of the company’s stock valued at $37,347,000 after acquiring an additional 418,878 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in NatWest Group by 18.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,398,671 shares of the company’s stock valued at $16,311,000 after acquiring an additional 370,200 shares during the period. 1.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NWG has been the topic of several research reports. Kepler Capital Markets initiated coverage on NatWest Group in a research note on Thursday, September 5th. They set a “buy” rating on the stock. UBS Group upgraded NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, NatWest Group currently has an average rating of “Moderate Buy”.

NatWest Group Stock Down 0.1 %

NYSE NWG opened at $9.08 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.08 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $8.96 and its two-hundred day moving average is $8.10. The company has a market capitalization of $37.78 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 2.02 and a beta of 1.33. NatWest Group plc has a 1-year low of $4.30 and a 1-year high of $9.68.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, July 26th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $4.62 billion for the quarter. Equities analysts forecast that NatWest Group plc will post 1.05 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were issued a $0.1543 dividend. This is an increase from NatWest Group’s previous semi-annual dividend of $0.14. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, August 9th.

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.