Bleakley Financial Group LLC Has $225,000 Stock Position in NatWest Group plc (NYSE:NWG)

Bleakley Financial Group LLC increased its stake in NatWest Group plc (NYSE:NWG) by 29.0% during the third quarter, Holdings Channel reports. The firm owned 24,057 shares of the company’s stock after acquiring an additional 5,403 shares during the period. Bleakley Financial Group LLC’s holdings in NatWest Group were worth $225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NWG. Bruce G. Allen Investments LLC raised its position in shares of NatWest Group by 285.3% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock valued at $26,000 after buying an additional 2,083 shares in the last quarter. SageView Advisory Group LLC bought a new position in NatWest Group in the first quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its position in NatWest Group by 45.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $32,000 after purchasing an additional 1,259 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in NatWest Group by 134.5% during the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after purchasing an additional 1,980 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of NatWest Group by 65.7% in the 2nd 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 during the last quarter. Institutional investors own 1.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on NWG shares. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Kepler Capital Markets started coverage on shares of NatWest Group in a research note on Thursday, September 5th. They issued a “buy” rating on the stock. UBS Group upgraded shares of NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group began coverage on shares of NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

NatWest Group Stock Performance

Shares of NWG stock opened at $9.31 on Thursday. The business’s 50-day moving average price is $9.15 and its 200-day moving average price is $8.49. NatWest Group plc has a 12 month low of $4.30 and a 12 month high of $9.68. The company has a current ratio of 1.07, a quick ratio of 1.08 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $38.66 billion, a price-to-earnings ratio of 7.69 and a beta of 1.33.

NatWest Group (NYSE:NWG) last posted its earnings results on Friday, July 26th. The company reported $0.35 EPS for the quarter. The business had revenue of $4.62 billion for the quarter. Equities research analysts forecast that NatWest Group plc will post 1.23 EPS for the current year.

NatWest Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were issued a $0.1543 dividend. This represents a yield of 4.3%. This is an increase from NatWest Group’s previous semi-annual dividend of $0.14. The ex-dividend date was Friday, August 9th. NatWest Group’s dividend payout ratio is presently 25.62%.

About NatWest Group

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.