JPMorgan Chase & Co. Boosts Stake in NatWest Group plc $NWG

JPMorgan Chase & Co. increased its holdings in shares of NatWest Group plc (NYSE:NWG) by 10.0% during the third quarter, HoldingsChannel.com reports. The fund owned 1,784,004 shares of the company’s stock after buying an additional 162,313 shares during the period. JPMorgan Chase & Co.’s holdings in NatWest Group were worth $25,244,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NWG. Salomon & Ludwin LLC lifted its stake in NatWest Group by 2,941.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after purchasing an additional 1,765 shares in the last quarter. Bessemer Group Inc. lifted its position in NatWest Group by 88.7% during the third quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock worth $29,000 after buying an additional 972 shares in the last quarter. True Wealth Design LLC purchased a new position in NatWest Group during the third quarter worth approximately $49,000. Geneos Wealth Management Inc. boosted its stake in NatWest Group by 35.2% during the first quarter. Geneos Wealth Management Inc. now owns 4,594 shares of the company’s stock worth $55,000 after buying an additional 1,195 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in NatWest Group by 22.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock valued at $57,000 after buying an additional 746 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. BNP Paribas Exane upgraded shares of NatWest Group from a “strong sell” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Barclays reissued an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Finally, Zacks Research raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, NatWest Group has an average rating of “Moderate Buy”.

NatWest Group Trading Down 2.8%

Shares of NWG stock opened at $16.58 on Monday. NatWest Group plc has a 1-year low of $10.40 and a 1-year high of $19.35. The firm has a market cap of $66.25 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. The company has a 50-day moving average of $17.42 and a two-hundred day moving average of $15.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.38 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. On average, analysts predict that NatWest Group plc will post 1.35 EPS for the current 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 given a dividend of $0.621 per share. This represents a dividend yield of 743.0%. The ex-dividend date is Friday, March 20th. NatWest Group’s dividend payout ratio (DPR) is currently 27.93%.

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.