Hardy Reed LLC Buys 9,025 Shares of NatWest Group plc $NWG

Hardy Reed LLC grew its stake in shares of NatWest Group plc (NYSE:NWG) by 70.9% during the second quarter, HoldingsChannel reports. The firm owned 21,756 shares of the company’s stock after purchasing an additional 9,025 shares during the quarter. Hardy Reed LLC’s holdings in NatWest Group were worth $308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Marks Group Wealth Management Inc raised its stake in NatWest Group by 138.1% in the second quarter. Marks Group Wealth Management Inc now owns 78,482 shares of the company’s stock worth $1,111,000 after buying an additional 45,516 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of NatWest Group by 9.2% during the 2nd quarter. QRG Capital Management Inc. now owns 701,106 shares of the company’s stock worth $9,921,000 after acquiring an additional 59,121 shares during the period. Hilltop National Bank bought a new position in shares of NatWest Group in the 2nd quarter worth approximately $242,000. Consolidated Planning Corp boosted its holdings in shares of NatWest Group by 0.9% during the 2nd quarter. Consolidated Planning Corp now owns 487,149 shares of the company’s stock valued at $6,893,000 after buying an additional 4,319 shares in the last quarter. Finally, Dogwood Wealth Management LLC bought a new position in shares of NatWest Group in the 2nd quarter worth about $26,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NWG. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research note on Friday, September 5th. BNP Paribas downgraded NatWest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Saturday, September 27th. Finally, Zacks Research cut NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, NatWest Group has an average rating of “Hold”.

NatWest Group Price Performance

Shares of NYSE NWG opened at $14.80 on Tuesday. The firm has a market cap of $59.75 billion, a P/E ratio of 9.55, a PEG ratio of 0.85 and a beta of 1.05. NatWest Group plc has a twelve month low of $9.16 and a twelve 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. The company has a 50 day moving average of $14.37 and a 200 day moving average of $13.59.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.06 billion. As a group, research analysts expect that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Cuts Dividend

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

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.