Chase Investment Counsel Corp Buys 234,004 Shares of NatWest Group plc $NWG

Chase Investment Counsel Corp boosted its stake in shares of NatWest Group plc (NYSE:NWG) by 92.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 486,995 shares of the company’s stock after buying an additional 234,004 shares during the quarter. NatWest Group accounts for approximately 2.4% of Chase Investment Counsel Corp’s portfolio, making the stock its 8th largest holding. Chase Investment Counsel Corp’s holdings in NatWest Group were worth $8,522,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on NWG shares. BNP Paribas Exane upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen upgraded shares of NatWest Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, NatWest Group currently has an average rating of “Moderate Buy”.

NatWest Group Price Performance

NWG stock opened at $14.98 on Monday. The company’s 50 day simple moving average is $15.53 and its 200-day simple moving average is $16.38. The firm has a market capitalization of $59.71 billion, a PE ratio of 7.97, a P/E/G ratio of 0.80 and a beta of 0.94. NatWest Group plc has a 12 month low of $12.91 and a 12 month high of $19.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, May 1st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.80 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. Equities analysts expect that NatWest Group plc will post 1.97 earnings per share for the current fiscal year.

NatWest Group Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, March 20th were given a dividend of $0.621 per share. The ex-dividend date was Friday, March 20th. This represents a yield of 895.0%. NatWest Group’s dividend payout ratio (DPR) is 64.36%.

NatWest Group Profile

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.