HighTower Advisors LLC Sells 7,557 Shares of NatWest Group plc (NYSE:NWG)

HighTower Advisors LLC reduced its stake in NatWest Group plc (NYSE:NWG) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,217 shares of the company’s stock after selling 7,557 shares during the period. HighTower Advisors LLC’s holdings in NatWest Group were worth $1,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NWG. Advisors Asset Management Inc. lifted its stake in NatWest Group by 6.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 92,311 shares of the company’s stock valued at $864,000 after acquiring an additional 5,667 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of NatWest Group by 1.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 895,152 shares of the company’s stock worth $8,379,000 after purchasing an additional 14,019 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of NatWest Group by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock worth $2,299,000 after buying an additional 44,422 shares during the last quarter. Raymond James Trust N.A. grew its position in NatWest Group by 3.0% during the third quarter. Raymond James Trust N.A. now owns 35,878 shares of the company’s stock valued at $336,000 after buying an additional 1,039 shares during the period. Finally, Cerity Partners LLC increased its holdings in NatWest Group by 72.6% during the third quarter. Cerity Partners LLC now owns 84,385 shares of the company’s stock valued at $790,000 after buying an additional 35,499 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Stock Performance

NYSE NWG opened at $12.02 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $48.39 billion, a PE ratio of 8.83, a P/E/G ratio of 0.85 and a beta of 1.22. NatWest Group plc has a 1-year low of $6.61 and a 1-year high of $12.65. The business has a 50 day simple moving average of $11.23 and a two-hundred day simple moving average of $10.27.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $3.75 billion. On average, research analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.3899 per share. This represents a yield of 3.8%. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.36. The ex-dividend date of this dividend is Friday, March 14th. NatWest Group’s payout ratio is presently 55.88%.

Wall Street Analyst Weigh In

NWG has been the subject of several analyst reports. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. Peel Hunt downgraded shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with 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.com, NatWest Group presently has a consensus rating of “Buy”.

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.