PDS Planning Inc Has $185,000 Stock Holdings in NatWest Group plc $NWG

PDS Planning Inc lifted its stake in NatWest Group plc (NYSE:NWG) by 18.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,090 shares of the company’s stock after acquiring an additional 2,013 shares during the quarter. PDS Planning Inc’s holdings in NatWest Group were worth $185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NWG. Bessemer Group Inc. increased its stake in shares of NatWest Group by 374.5% in the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock worth $25,000 after acquiring an additional 1,659 shares during the last quarter. Dogwood Wealth Management LLC acquired a new position in NatWest Group during the second quarter worth $26,000. Zions Bancorporation National Association UT acquired a new position in NatWest Group during the first quarter worth $29,000. Pinnacle Bancorp Inc. acquired a new position in NatWest Group during the first quarter worth $30,000. Finally, Wayfinding Financial LLC acquired a new position in NatWest Group during the first quarter worth $39,000. 1.27% of the stock is owned by institutional investors and hedge funds.

NatWest Group Stock Up 1.2%

NWG stock opened at $14.57 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. NatWest Group plc has a 52-week low of $9.16 and a 52-week high of $15.52. The company has a 50-day moving average of $14.43 and a two-hundred day moving average of $13.68. The stock has a market capitalization of $58.57 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.05.

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

NatWest Group Cuts Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of NatWest Group in a research report on Wednesday, October 8th. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, BNP Paribas downgraded shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.