Advisors Preferred LLC Invests $507,000 in NatWest Group plc $NWG

Advisors Preferred LLC purchased a new stake in NatWest Group plc (NYSE:NWG) in the third quarter, Holdings Channel reports. The firm purchased 35,575 shares of the company’s stock, valued at approximately $507,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. L1 Capital Pty Ltd acquired a new position in NatWest Group in the second quarter worth $146,913,000. Fisher Asset Management LLC raised its holdings in shares of NatWest Group by 13.1% during the second quarter. Fisher Asset Management LLC now owns 37,531,392 shares of the company’s stock worth $531,069,000 after purchasing an additional 4,355,850 shares during the period. Qube Research & Technologies Ltd lifted its position in shares of NatWest Group by 318.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 970,769 shares of the company’s stock worth $13,736,000 after buying an additional 738,671 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of NatWest Group by 68.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,647,947 shares of the company’s stock valued at $23,318,000 after buying an additional 667,991 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of NatWest Group by 20.0% during the 2nd quarter. Raymond James Financial Inc. now owns 3,881,083 shares of the company’s stock valued at $54,917,000 after buying an additional 647,828 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of NatWest Group in a report on Thursday, December 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research report on Thursday, January 22nd. Zacks Research raised NatWest Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, Barclays restated an “equal weight” rating on shares of NatWest Group in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

NatWest Group Trading Down 0.0%

NYSE:NWG opened at $16.83 on Friday. The stock has a market cap of $67.22 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.04. NatWest Group plc has a 1 year low of $10.40 and a 1 year high of $19.35. The business has a fifty day moving average of $17.46 and a 200-day moving average of $15.89.

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

NatWest Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, March 20th will be paid a dividend of $0.621 per share. This represents a dividend yield of 743.0%. The ex-dividend date is Friday, March 20th. NatWest Group’s dividend payout ratio (DPR) is currently 27.93%.

NatWest Group 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.