JPMorgan Chase & Co. Purchases 162,313 Shares of NatWest Group plc $NWG

JPMorgan Chase & Co. grew its position in NatWest Group plc (NYSE:NWG) by 10.0% during the third quarter, HoldingsChannel reports. The firm 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 quarter.

A number of other hedge funds have also bought and sold shares of NWG. Tudor Investment Corp ET AL acquired a new stake in NatWest Group during the 3rd quarter worth about $6,969,000. Allworth Financial LP grew its stake in NatWest Group by 186.8% during the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock worth $39,000 after purchasing an additional 1,784 shares during the period. Coldstream Capital Management Inc. lifted its stake in NatWest Group by 33.7% in the third quarter. Coldstream Capital Management Inc. now owns 49,088 shares of the company’s stock valued at $695,000 after buying an additional 12,370 shares during the period. Advisory Services Network LLC acquired a new stake in shares of NatWest Group during the 3rd quarter worth approximately $90,000. Finally, NewEdge Advisors LLC lifted its position in shares of NatWest Group by 17.0% during the 3rd quarter. NewEdge Advisors LLC now owns 51,001 shares of the company’s stock valued at $722,000 after acquiring an additional 7,425 shares during the period. Institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. BNP Paribas Exane raised NatWest Group from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Barclays reissued an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Zacks Research upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NatWest Group presently has an average rating of “Moderate Buy”.

NatWest Group Trading Up 3.2%

Shares of NWG stock opened at $14.34 on Tuesday. 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 $10.40 and a fifty-two week high of $19.35. The stock has a market capitalization of $57.18 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 0.47 and a beta of 0.95. The company has a 50 day moving average price of $16.75 and a 200 day moving average price of $16.06.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.08. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.59 billion. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%. Equities research analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Announces Dividend

The company also recently disclosed 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 895.0%. The ex-dividend date of this dividend is Friday, March 20th. NatWest Group’s payout ratio is 67.60%.

NatWest Group Company 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.