NatWest Group plc $NWG Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group lifted its stake in shares of NatWest Group plc (NYSE:NWG) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 68,978 shares of the company’s stock after buying an additional 3,757 shares during the period. Rehmann Capital Advisory Group’s holdings in NatWest Group were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NWG. Bessemer Group Inc. grew its holdings in NatWest Group by 374.5% in the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock worth $25,000 after buying an additional 1,659 shares in the last quarter. Dogwood Wealth Management LLC bought a new position in NatWest Group in the 2nd quarter worth approximately $26,000. Zions Bancorporation National Association UT bought a new position in NatWest Group in the 1st quarter worth approximately $29,000. Pinnacle Bancorp Inc. bought a new position in NatWest Group in the 1st quarter worth approximately $30,000. Finally, Wayfinding Financial LLC bought a new position in NatWest Group in the 1st quarter worth approximately $39,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

NatWest Group Price Performance

NWG opened at $14.63 on Thursday. The stock has a fifty day moving average of $14.45 and a 200-day moving average of $13.79. The firm has a market capitalization of $58.81 billion, a P/E ratio of 9.44, a PEG ratio of 0.73 and a beta of 1.05. NatWest Group plc has a 12-month low of $9.16 and a 12-month high of $15.52. 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 (NYSE:NWG) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. NatWest Group had a return on equity of 11.99% and a net margin of 16.84%.The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $4.06 billion. Equities analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 8th were issued a dividend of $0.255 per share. This represents a dividend yield of 390.0%. The ex-dividend date was Friday, August 8th. NatWest Group’s dividend payout ratio (DPR) is currently 32.26%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. BNP Paribas lowered NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research note on Wednesday, October 8th. Finally, BNP Paribas Exane lowered NatWest Group from a “neutral” rating to an “underperform” rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.