Avantax Advisory Services Inc. Has $197,000 Position in NatWest Group plc (NYSE:NWG)

Avantax Advisory Services Inc. lifted its position in shares of NatWest Group plc (NYSE:NWG) by 48.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,359 shares of the company’s stock after purchasing an additional 6,335 shares during the period. Avantax Advisory Services Inc.’s holdings in NatWest Group were worth $197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Adero Partners LLC increased its position in NatWest Group by 9.5% during the fourth quarter. Adero Partners LLC now owns 11,738 shares of the company’s stock worth $119,000 after buying an additional 1,014 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of NatWest Group by 3.0% in the third quarter. Raymond James Trust N.A. now owns 35,878 shares of the company’s stock valued at $336,000 after purchasing an additional 1,039 shares during the last quarter. Optas LLC raised its position in shares of NatWest Group by 11.5% in the fourth quarter. Optas LLC now owns 11,912 shares of the company’s stock valued at $121,000 after purchasing an additional 1,228 shares during the period. Five Oceans Advisors lifted its stake in shares of NatWest Group by 12.0% during the 4th quarter. Five Oceans Advisors now owns 12,684 shares of the company’s stock worth $129,000 after buying an additional 1,358 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in shares of NatWest Group by 13.3% during the 4th quarter. Perigon Wealth Management LLC now owns 12,045 shares of the company’s stock worth $122,000 after buying an additional 1,411 shares during the period. 1.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on NWG shares. Peel Hunt cut shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. BNP Paribas cut NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NatWest Group currently has a consensus rating of “Buy”.

NatWest Group Price Performance

NYSE:NWG opened at $12.15 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $48.91 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.85 and a beta of 1.22. NatWest Group plc has a 52 week low of $6.70 and a 52 week high of $12.65. The firm’s 50-day simple moving average is $11.42 and its 200 day simple moving average is $10.34.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. As a group, sell-side analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

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

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.