Sei Investments Co. Has $2.48 Million Holdings in NatWest Group plc (NYSE:NWG)

Sei Investments Co. lessened its holdings in NatWest Group plc (NYSE:NWG) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 309,031 shares of the company’s stock after selling 5,980 shares during the period. Sei Investments Co.’s holdings in NatWest Group were worth $2,481,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NWG. SageView Advisory Group LLC acquired a new stake in NatWest Group during the 1st quarter worth about $27,000. GAMMA Investing LLC grew its position in NatWest Group by 65.7% during the second quarter. GAMMA Investing LLC now owns 4,566 shares of the company’s stock valued at $37,000 after purchasing an additional 1,810 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in NatWest Group in the 1st quarter valued at approximately $44,000. Fulton Bank N.A. purchased a new stake in NatWest Group in the 2nd quarter worth approximately $84,000. Finally, 9258 Wealth Management LLC purchased a new stake in NatWest Group in the 1st quarter worth approximately $75,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Up 5.0 %

NWG stock opened at $9.21 on Friday. The firm has a market cap of $38.22 billion, a PE ratio of 7.42, a PEG ratio of 2.09 and a beta of 1.33. NatWest Group plc has a 1 year low of $4.30 and a 1 year high of $9.68. The company has a fifty day simple moving average of $9.02 and a 200 day simple moving average of $8.25. The company has a current ratio of 1.07, a quick ratio of 1.08 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $4.62 billion for the quarter. Sell-side analysts anticipate that NatWest Group plc will post 1.05 EPS for the current fiscal year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 9th were issued a dividend of $0.1543 per share. This represents a yield of 4.3%. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from NatWest Group’s previous semi-annual dividend of $0.14. NatWest Group’s dividend payout ratio (DPR) is 25.00%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group started coverage on NatWest Group in a research report on Friday. They issued a “buy” rating on the stock. Finally, Kepler Capital Markets began coverage on NatWest Group in a report on Thursday, September 5th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate 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.