US Bancorp DE Has $7.10 Million Holdings in NatWest Group plc (NYSE:NWG)

US Bancorp DE raised its holdings in NatWest Group plc (NYSE:NWG) by 9.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 595,824 shares of the company’s stock after acquiring an additional 52,800 shares during the quarter. US Bancorp DE’s holdings in NatWest Group were worth $7,102,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in NatWest Group by 374.5% in the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock valued at $25,000 after buying an additional 1,659 shares during the period. Pinnacle Bancorp Inc. acquired a new position in shares of NatWest Group during the first quarter worth approximately $30,000. Wayfinding Financial LLC acquired a new position in shares of NatWest Group during the first quarter worth approximately $39,000. Lazard Asset Management LLC acquired a new position in shares of NatWest Group during the fourth quarter worth approximately $44,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of NatWest Group by 109.0% during the first quarter. Bruce G. Allen Investments LLC now owns 6,582 shares of the company’s stock worth $78,000 after purchasing an additional 3,433 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

NatWest Group Price Performance

Shares of NYSE:NWG opened at $14.09 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. NatWest Group plc has a twelve month low of $8.08 and a twelve month high of $14.55. The stock’s 50 day moving average is $13.87 and its 200-day moving average is $12.64. The firm has a market capitalization of $57.06 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.79 and a beta of 1.07.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $4.06 billion. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%. Sell-side analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be given a $0.255 dividend. This represents a yield of 390.0%. The ex-dividend date of this dividend is Friday, August 8th. NatWest Group’s dividend payout ratio is presently 49.68%.

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.