Baker Tilly Wealth Management LLC Makes New $181,000 Investment in NatWest Group plc $NWG

Baker Tilly Wealth Management LLC purchased a new stake in NatWest Group plc (NYSE:NWG) in the second quarter, Holdings Channel reports. The firm purchased 12,780 shares of the company’s stock, valued at approximately $181,000.

A number of other large investors have also made changes to their positions in NWG. BNP Paribas Financial Markets purchased a new stake in shares of NatWest Group in the fourth quarter valued at approximately $294,000. Cetera Investment Advisers grew its position in shares of NatWest Group by 10.2% in the fourth quarter. Cetera Investment Advisers now owns 75,800 shares of the company’s stock valued at $771,000 after purchasing an additional 6,998 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of NatWest Group in the fourth quarter valued at approximately $145,000. Lazard Asset Management LLC purchased a new stake in shares of NatWest Group in the fourth quarter valued at approximately $44,000. Finally, Millennium Management LLC grew its position in shares of NatWest Group by 122.9% in the fourth quarter. Millennium Management LLC now owns 632,836 shares of the company’s stock valued at $6,436,000 after purchasing an additional 348,963 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Stock Down 0.6%

NYSE:NWG opened at $14.34 on Friday. 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 stock’s fifty day moving average is $14.23 and its two-hundred day moving average is $13.39. NatWest Group plc has a 52 week low of $8.69 and a 52 week high of $15.52. The stock has a market capitalization of $57.90 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08.

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

NatWest Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were paid a dividend of $0.255 per share. This represents a yield of 390.0%. The ex-dividend date was Friday, August 8th. NatWest Group’s dividend payout ratio is 31.61%.

Analysts Set New Price Targets

NWG has been the subject of a number of analyst reports. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. BNP Paribas Exane cut NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Finally, BNP Paribas cut NatWest Group from a “hold” rating to a “strong sell” rating in a 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 issued a Sell rating to the company. Based on data from MarketBeat, the company 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.