Ritholtz Wealth Management Increases Stake in NatWest Group plc $NWG

Ritholtz Wealth Management lifted its stake in shares of NatWest Group plc (NYSE:NWG) by 13.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 388,398 shares of the company’s stock after buying an additional 45,776 shares during the period. Ritholtz Wealth Management’s holdings in NatWest Group were worth $6,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NWG. AQR Capital Management LLC increased its position in shares of NatWest Group by 47.0% during the first quarter. AQR Capital Management LLC now owns 281,646 shares of the company’s stock valued at $3,357,000 after buying an additional 90,057 shares during the period. NewEdge Advisors LLC increased its position in shares of 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 buying an additional 14,734 shares during the period. Goldman Sachs Group Inc. increased its position in shares of NatWest Group by 7.6% during the first quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after buying an additional 455,538 shares during the period. Jane Street Group LLC purchased a new stake in NatWest Group in the first quarter worth about $2,282,000. Finally, Focus Partners Wealth grew its holdings in NatWest Group by 70.6% in the first quarter. Focus Partners Wealth now owns 24,251 shares of the company’s stock worth $290,000 after purchasing an additional 10,034 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

Shares of NWG opened at $16.57 on Friday. The stock has a market cap of $66.07 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 1.04. NatWest Group plc has a fifty-two week low of $11.28 and a fifty-two week high of $19.35. The firm’s 50-day simple moving average is $16.05 and its two-hundred day simple moving average is $16.13.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.59 billion. 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. Stockholders of record on Friday, March 20th will be issued a dividend of $0.621 per share. The ex-dividend date is Friday, March 20th. This represents a dividend yield of 895.0%. NatWest Group’s dividend payout ratio is presently 67.60%.

Wall Street Analysts Forecast Growth

NWG has been the topic of a number of recent research reports. Zacks Research upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Barclays restated an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. Finally, BNP Paribas Exane upgraded shares of NatWest Group from a “strong sell” rating to a “hold” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, NatWest Group currently has an average rating of “Moderate Buy”.

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.