Maverick Capital Ltd. Increases Stock Holdings in NatWest Group plc (NYSE:NWG)

Maverick Capital Ltd. grew its holdings in shares of NatWest Group plc (NYSE:NWG) by 199.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,169 shares of the company’s stock after purchasing an additional 92,055 shares during the period. Maverick Capital Ltd.’s holdings in NatWest Group were worth $1,109,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NWG. Natixis Advisors LLC increased its stake in NatWest Group by 28.4% during the 2nd quarter. Natixis Advisors LLC now owns 9,678,887 shares of the company’s stock worth $77,721,000 after buying an additional 2,139,290 shares during the period. Dimensional Fund Advisors LP increased its position in shares of NatWest Group by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 7,048,194 shares of the company’s stock worth $56,615,000 after acquiring an additional 205,439 shares during the period. Raymond James & Associates raised its stake in shares of NatWest Group by 46.8% in the second quarter. Raymond James & Associates now owns 2,402,184 shares of the company’s stock valued at $19,290,000 after acquiring an additional 765,671 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in NatWest Group by 18.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,398,671 shares of the company’s stock valued at $16,311,000 after purchasing an additional 370,200 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in NatWest Group by 55.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after purchasing an additional 627,097 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Price Performance

Shares of NYSE NWG opened at $9.34 on Friday. The firm has a market capitalization of $38.89 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33. 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 plc has a fifty-two week low of $4.30 and a fifty-two week high of $9.68. The stock’s 50-day simple moving average is $9.01 and its 200-day simple moving average is $8.16.

NatWest Group (NYSE:NWG) last posted its earnings results on Friday, July 26th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $4.62 billion during the quarter. As a group, equities research analysts forecast that NatWest Group plc will post 1.05 EPS for the current fiscal 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 dividend of $0.1543 per share. The ex-dividend date was Friday, August 9th. This represents a yield of 4.3%. This is a boost from NatWest Group’s previous semi-annual dividend of $0.14.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group upgraded NatWest Group to a “strong-buy” rating in a research note on Tuesday, July 30th. Kepler Capital Markets began coverage on shares of NatWest Group in a report on Thursday, September 5th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.