Sequoia Financial Advisors LLC Acquires 2,631 Shares of NatWest Group plc $NWG

Sequoia Financial Advisors LLC raised its holdings in NatWest Group plc (NYSE:NWG) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,210 shares of the company’s stock after buying an additional 2,631 shares during the period. Sequoia Financial Advisors LLC’s holdings in NatWest Group were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC bought a new position in shares of NatWest Group in the second quarter valued at $26,000. Bessemer Group Inc. lifted its stake in shares of NatWest Group by 374.5% in the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock valued at $25,000 after buying an additional 1,659 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of NatWest Group in the first quarter valued at $29,000. Pinnacle Bancorp Inc. bought a new position in shares of NatWest Group in the first quarter valued at $30,000. Finally, Wayfinding Financial LLC bought a new position in shares of NatWest Group in the first quarter valued at $39,000. 1.27% of the stock is owned by institutional investors.

NatWest Group Price Performance

Shares of NYSE:NWG opened at $14.44 on Tuesday. 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 firm has a market capitalization of $58.05 billion, a PE ratio of 9.31, a P/E/G ratio of 0.73 and a beta of 1.05. NatWest Group plc has a twelve month low of $9.16 and a twelve month high of $15.52. The company has a 50-day moving average price of $14.46 and a two-hundred day moving average price of $13.78.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, July 25th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $5.42 billion during 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 forecast that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were given 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 (DPR) is currently 32.26%.

Wall Street Analysts Forecast Growth

NWG has been the subject of several analyst reports. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a report on Wednesday, October 8th. Zacks Research downgraded shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, BNP Paribas downgraded shares of NatWest Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus 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.