Envestnet Portfolio Solutions Inc. Acquires 6,708 Shares of NatWest Group plc (NYSE:NWG)

Envestnet Portfolio Solutions Inc. lifted its holdings in shares of NatWest Group plc (NYSE:NWG) by 10.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,992 shares of the company’s stock after acquiring an additional 6,708 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in NatWest Group were worth $732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in NatWest Group in the 3rd quarter valued at about $572,000. New York State Common Retirement Fund bought a new position in shares of NatWest Group during the fourth quarter worth approximately $216,000. Raymond James Financial Inc. acquired a new stake in NatWest Group during the 4th quarter worth approximately $27,339,000. Sanctuary Advisors LLC boosted its stake in NatWest Group by 394.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock valued at $2,441,000 after purchasing an additional 196,724 shares during the period. Finally, Natixis Advisors LLC grew its holdings in NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after buying an additional 408,239 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Stock Performance

NWG opened at $12.13 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group plc has a 52-week low of $6.61 and a 52-week high of $12.65. The firm has a market cap of $48.85 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22. The business’s fifty day moving average is $11.29 and its 200-day moving average is $10.29.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. Sell-side analysts expect that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. This represents a yield of 3.8%. NatWest Group’s dividend payout ratio is presently 55.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NWG. BNP Paribas downgraded 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently 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.