NewEdge Wealth LLC Boosts Position in NatWest Group plc $NWG

NewEdge Wealth LLC lifted its holdings in NatWest Group plc (NYSE:NWG) by 13.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 307,879 shares of the company’s stock after acquiring an additional 35,666 shares during the quarter. NewEdge Wealth LLC’s holdings in NatWest Group were worth $4,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in NatWest Group by 47.0% during the first quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock worth $3,357,000 after acquiring an additional 90,057 shares during the period. NewEdge Advisors LLC lifted its holdings in NatWest Group by 14,445.1% during the first quarter. NewEdge Advisors LLC now owns 14,836 shares of the company’s stock valued at $177,000 after purchasing an additional 14,734 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of NatWest Group by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after purchasing an additional 455,538 shares during the period. Jane Street Group LLC purchased a new stake in shares of NatWest Group during the first quarter worth about $2,282,000. Finally, Focus Partners Wealth raised its holdings in shares of NatWest Group by 70.6% during the first quarter. Focus Partners Wealth now owns 24,251 shares of the company’s stock valued at $290,000 after acquiring an additional 10,034 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a research report on Thursday, December 4th. Barclays restated an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. Finally, Zacks Research upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NatWest Group presently has a consensus rating of “Moderate Buy”.

NatWest Group Trading Down 2.1%

NYSE:NWG opened at $16.81 on Friday. NatWest Group plc has a 12-month low of $10.40 and a 12-month high of $19.35. The firm has a market cap of $67.14 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.57 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $17.45 and a 200 day moving average price of $15.85.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%. Sell-side analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, March 20th will be issued a dividend of $0.621 per share. This represents a yield of 743.0%. The ex-dividend date is Friday, March 20th. NatWest Group’s payout ratio is 27.93%.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.