Hardy Reed LLC Buys 9,025 Shares of NatWest Group plc $NWG

Hardy Reed LLC boosted its position in NatWest Group plc (NYSE:NWG) by 70.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,756 shares of the company’s stock after acquiring an additional 9,025 shares during the quarter. Hardy Reed LLC’s holdings in NatWest Group were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Marks Group Wealth Management Inc boosted its holdings in shares of NatWest Group by 138.1% in the 2nd quarter. Marks Group Wealth Management Inc now owns 78,482 shares of the company’s stock worth $1,111,000 after purchasing an additional 45,516 shares in the last quarter. QRG Capital Management Inc. lifted its position in NatWest Group by 9.2% in the 2nd quarter. QRG Capital Management Inc. now owns 701,106 shares of the company’s stock worth $9,921,000 after buying an additional 59,121 shares during the last quarter. Hilltop National Bank purchased a new stake in NatWest Group in the second quarter worth approximately $242,000. Consolidated Planning Corp grew its position in NatWest Group by 0.9% during the second quarter. Consolidated Planning Corp now owns 487,149 shares of the company’s stock valued at $6,893,000 after acquiring an additional 4,319 shares during the last quarter. Finally, Dogwood Wealth Management LLC purchased a new position in shares of NatWest Group during the second quarter worth approximately $26,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

Shares of NatWest Group stock opened at $14.80 on Tuesday. The company’s fifty day simple moving average is $14.37 and its two-hundred day simple moving average is $13.59. NatWest Group plc has a 12-month low of $9.16 and a 12-month high of $15.52. The firm has a market cap of $59.75 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.85 and a beta of 1.05. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. As a group, equities analysts expect that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were issued a $0.255 dividend. The ex-dividend date was Friday, August 8th. This represents a yield of 390.0%. NatWest Group’s dividend payout ratio (DPR) is 32.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NWG shares. BNP Paribas cut shares of NatWest Group from a “hold” rating to a “strong sell” rating in a research note on Friday, September 5th. BNP Paribas Exane lowered shares of NatWest Group from a “neutral” rating to an “underperform” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NatWest Group in a research note on Saturday, September 27th. Finally, Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, NatWest Group currently 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.