GAMMA Investing LLC Raises Holdings in NatWest Group plc (NYSE:NWG)

GAMMA Investing LLC raised its stake in NatWest Group plc (NYSE:NWG) by 61.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,391 shares of the company’s stock after acquiring an additional 2,825 shares during the quarter. GAMMA Investing LLC’s holdings in NatWest Group were worth $69,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its holdings in NatWest Group by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 29,328 shares of the company’s stock worth $236,000 after buying an additional 1,230 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of NatWest Group by 45.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after acquiring an additional 1,259 shares during the period. First Trust Direct Indexing L.P. increased its stake in shares of NatWest Group by 4.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock valued at $218,000 after purchasing an additional 1,501 shares in the last quarter. 9258 Wealth Management LLC raised its holdings in NatWest Group by 18.2% in the 2nd quarter. 9258 Wealth Management LLC now owns 13,016 shares of the company’s stock worth $105,000 after purchasing an additional 2,002 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its position in NatWest Group by 2.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 97,668 shares of the company’s stock worth $664,000 after purchasing an additional 2,268 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NWG. Kepler Capital Markets assumed coverage on NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating for the company. UBS Group raised shares of NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on shares of NatWest Group in a report on Friday, October 4th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group upgraded shares of NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NatWest Group presently has an average rating of “Buy”.

NatWest Group Price Performance

NYSE:NWG opened at $9.32 on Wednesday. The stock has a 50 day moving average price of $9.07 and a 200 day moving average price of $8.41. The stock has a market cap of $38.78 billion, a PE ratio of 7.70, a P/E/G ratio of 2.36 and a beta of 1.33. 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 one year low of $4.30 and a one year high of $9.68.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $4.62 billion for the quarter. Equities research analysts expect that NatWest Group plc will post 0.92 EPS 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. Shareholders of record on Friday, August 9th were paid a dividend of $0.1543 per share. This is a boost 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 yield of 4.3%. NatWest Group’s dividend payout ratio (DPR) is 25.62%.

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.