Norden Group LLC Has $334,000 Position in NatWest Group plc $NWG

Norden Group LLC grew its position in NatWest Group plc (NYSE:NWG) by 110.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,634 shares of the company’s stock after buying an additional 12,388 shares during the quarter. Norden Group LLC’s holdings in NatWest Group were worth $334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NWG. Connor Clark & Lunn Investment Management Ltd. increased its position in NatWest Group by 1,102.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company’s stock worth $7,161,000 after purchasing an additional 550,764 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new position in NatWest Group during the 1st quarter worth approximately $293,000. Graham Capital Management L.P. acquired a new position in NatWest Group during the 1st quarter worth approximately $1,053,000. Envestnet Asset Management Inc. increased its position in NatWest Group by 28.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company’s stock worth $32,715,000 after purchasing an additional 611,323 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in NatWest Group by 25.1% during the 1st quarter. HighTower Advisors LLC now owns 234,275 shares of the company’s stock worth $2,793,000 after purchasing an additional 47,058 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NWG shares. BNP Paribas Exane cut shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, BNP Paribas lowered shares of NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

NatWest Group Trading Up 2.9%

NYSE:NWG opened at $14.02 on Friday. The firm’s fifty day moving average is $14.30 and its 200-day moving average is $13.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. NatWest Group plc has a 52 week low of $8.69 and a 52 week high of $15.52. The firm has a market cap of $56.61 billion, a P/E ratio of 9.05, a P/E/G ratio of 0.77 and a beta of 1.08.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. Equities analysts expect that NatWest Group plc will post 1.35 earnings per share 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 dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a yield of 390.0%. NatWest Group’s dividend payout ratio is currently 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.