Tudor Investment Corp ET AL Invests $6.97 Million in NatWest Group plc $NWG

Tudor Investment Corp ET AL acquired a new stake in shares of NatWest Group plc (NYSE:NWG) during the third quarter, HoldingsChannel reports. The fund acquired 492,498 shares of the company’s stock, valued at approximately $6,969,000.

Several other institutional investors also recently bought and sold shares of the business. L1 Capital Pty Ltd bought a new position in NatWest Group in the second quarter worth approximately $146,913,000. Fisher Asset Management LLC boosted its position in NatWest Group by 13.1% during the 2nd quarter. Fisher Asset Management LLC now owns 37,531,392 shares of the company’s stock valued at $531,069,000 after acquiring an additional 4,355,850 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of NatWest Group by 136.0% in the 3rd quarter. Bank of Montreal Can now owns 3,273,212 shares of the company’s stock valued at $46,316,000 after acquiring an additional 1,886,141 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of NatWest Group in the 3rd quarter valued at $16,650,000. Finally, Citadel Advisors LLC raised its position in shares of NatWest Group by 150.7% in the 3rd quarter. Citadel Advisors LLC now owns 1,612,872 shares of the company’s stock worth $22,822,000 after acquiring an additional 969,546 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Stock Up 3.2%

NYSE:NWG opened at $14.34 on Tuesday. The company has a market cap of $57.18 billion, a PE ratio of 8.01, a P/E/G ratio of 0.47 and a beta of 0.95. NatWest Group plc has a twelve month low of $10.40 and a twelve month high of $19.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $16.75 and its two-hundred day moving average is $16.06.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Analysts anticipate that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, March 20th will be given a $0.621 dividend. This represents a dividend yield of 895.0%. The ex-dividend date of this dividend is Friday, March 20th. NatWest Group’s dividend payout ratio is presently 67.60%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NWG. Zacks Research upgraded NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group reiterated a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a report on Thursday, January 22nd. BNP Paribas Exane raised shares of NatWest Group from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Finally, Barclays restated an “equal weight” rating on shares of NatWest Group in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.