OLD National Bancorp IN Trims Stock Holdings in NatWest Group plc (NYSE:NWG)

OLD National Bancorp IN trimmed its holdings in NatWest Group plc (NYSE:NWG) by 25.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,645 shares of the company’s stock after selling 6,531 shares during the quarter. OLD National Bancorp IN’s holdings in NatWest Group were worth $175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its holdings in NatWest Group by 285.3% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock worth $26,000 after purchasing an additional 2,083 shares during the period. Hexagon Capital Partners LLC increased its holdings in NatWest Group by 134.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after purchasing an additional 1,980 shares during the period. SageView Advisory Group LLC bought a new stake in NatWest Group during the 1st quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its position in NatWest Group by 45.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after acquiring an additional 1,259 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in NatWest Group by 65.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock valued at $37,000 after acquiring an additional 1,810 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Stock Performance

NYSE NWG opened at $9.31 on Thursday. The stock has a 50-day simple moving average of $9.15 and a two-hundred day simple moving average of $8.49. The firm has a market capitalization of $38.66 billion, a P/E ratio of 7.69 and a beta of 1.33. NatWest Group plc has a fifty-two week low of $4.30 and a fifty-two week high of $9.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.08 and a current ratio of 1.07.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, July 26th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $4.62 billion for the quarter. On average, equities analysts forecast that NatWest Group plc will post 1.23 earnings per share for the current year.

NatWest Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were paid a $0.1543 dividend. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.14. NatWest Group’s payout ratio is currently 25.62%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on NatWest Group in a research report on Friday, October 4th. They set a “buy” rating on the stock. Kepler Capital Markets assumed coverage on NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating for the company. UBS Group raised NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. Finally, Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NatWest Group has a consensus rating of “Buy”.

NatWest Group 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.