Envestnet Asset Management Inc. Grows Holdings in NatWest Group plc (NYSE:NWG)

Envestnet Asset Management Inc. boosted its position in NatWest Group plc (NYSE:NWG) by 55.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,759,325 shares of the company’s stock after buying an additional 627,097 shares during the quarter. Envestnet Asset Management Inc.’s holdings in NatWest Group were worth $14,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWG. SageView Advisory Group LLC acquired a new position in shares of NatWest Group in the first quarter worth about $27,000. GAMMA Investing LLC boosted its stake in shares of NatWest Group by 65.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock valued at $37,000 after buying an additional 1,810 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of NatWest Group during the first quarter worth approximately $44,000. Sage Rhino Capital LLC bought a new stake in shares of NatWest Group in the first quarter worth $68,000. Finally, Fulton Bank N.A. acquired a new stake in NatWest Group in the second quarter valued at $84,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Stock Up 2.0 %

Shares of NYSE:NWG opened at $9.25 on Wednesday. The company’s fifty day moving average is $8.96 and its two-hundred day moving average is $8.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.08 and a current ratio of 1.07. NatWest Group plc has a 1-year low of $4.30 and a 1-year high of $9.68. The stock has a market capitalization of $38.51 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 2.02 and a beta of 1.33.

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 business had revenue of $4.62 billion for the quarter. Equities analysts anticipate that NatWest Group plc will post 1.05 EPS for the current year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 13th. Investors 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. The ex-dividend date of this dividend was Friday, August 9th. This represents a dividend yield of 4.3%. NatWest Group’s dividend payout ratio (DPR) is 25.20%.

Analyst Upgrades and Downgrades

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

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.