252,991 Shares in NatWest Group plc $NWG Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp purchased a new stake in NatWest Group plc (NYSE:NWG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 252,991 shares of the company’s stock, valued at approximately $3,579,000.

A number of other hedge funds also recently made changes to their positions in the business. ABC Arbitrage SA raised its position in NatWest Group by 29.2% in the third quarter. ABC Arbitrage SA now owns 1,102,971 shares of the company’s stock worth $15,607,000 after purchasing an additional 249,117 shares in the last quarter. Summit Global Investments boosted its holdings in NatWest Group by 108.3% during the second quarter. Summit Global Investments now owns 87,057 shares of the company’s stock valued at $1,232,000 after purchasing an additional 45,266 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of NatWest Group by 62.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,621,691 shares of the company’s stock valued at $22,947,000 after purchasing an additional 622,331 shares during the period. American Century Companies Inc. raised its holdings in shares of NatWest Group by 21.0% in the 2nd quarter. American Century Companies Inc. now owns 1,550,715 shares of the company’s stock worth $21,943,000 after buying an additional 268,787 shares in the last quarter. Finally, Blue Barn Wealth LLC acquired a new position in shares of NatWest Group in the 2nd quarter worth approximately $254,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Stock Performance

NatWest Group stock opened at $16.64 on Tuesday. The stock has a 50-day simple moving average of $17.45 and a 200 day simple moving average of $15.92. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.14. NatWest Group plc has a 12-month low of $10.40 and a 12-month high of $19.35. The stock has a market capitalization of $66.49 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 0.57 and a beta of 0.96.

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

NatWest Group Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 5th. Stockholders 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 of this dividend is Friday, March 20th. NatWest Group’s dividend payout ratio is 27.93%.

Wall Street Analysts Forecast Growth

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

About NatWest Group

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.