Corient Private Wealth LLC Boosts Stake in NatWest Group plc (NYSE:NWG)

Corient Private Wealth LLC boosted its holdings in NatWest Group plc (NYSE:NWG) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,912 shares of the company’s stock after acquiring an additional 8,715 shares during the quarter. Corient Private Wealth LLC’s holdings in NatWest Group were worth $609,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NWG. Quantbot Technologies LP acquired a new position in shares of NatWest Group during the 3rd quarter worth approximately $572,000. New York State Common Retirement Fund purchased a new stake in NatWest Group during the fourth quarter valued at about $216,000. Raymond James Financial Inc. purchased a new position in NatWest Group in the fourth quarter valued at about $27,339,000. Sanctuary Advisors LLC lifted its position in shares of NatWest Group by 394.6% during the third quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock worth $2,441,000 after purchasing an additional 196,724 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after acquiring an additional 408,239 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Stock Down 1.4 %

Shares of NYSE:NWG opened at $11.98 on Friday. The company’s fifty day moving average is $11.45 and its two-hundred day moving average is $10.36. 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 1-year low of $6.70 and a 1-year high of $12.65. The stock has a market capitalization of $48.23 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22.

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

NatWest Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NWG. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. Peel Hunt lowered NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “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.