Jackson Square Capital LLC Buys New Holdings in NatWest Group plc $NWG

Jackson Square Capital LLC bought a new stake in NatWest Group plc (NYSE:NWG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 44,524 shares of the company’s stock, valued at approximately $779,000.

Other hedge funds have also bought and sold shares of the company. American National Bank & Trust acquired a new stake in NatWest Group in the 4th quarter valued at about $31,000. Salomon & Ludwin LLC lifted its stake in NatWest Group by 2,941.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock valued at $27,000 after purchasing an additional 1,765 shares during the last quarter. Larson Financial Group LLC lifted its stake in NatWest Group by 427.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after purchasing an additional 1,484 shares during the last quarter. Bessemer Group Inc. lifted its stake in NatWest Group by 88.7% in the 3rd quarter. Bessemer Group Inc. now owns 2,068 shares of the company’s stock valued at $29,000 after purchasing an additional 972 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in NatWest Group by 186.8% in the 3rd quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock valued at $39,000 after purchasing an additional 1,784 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NWG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Thursday, January 22nd. BNP Paribas Exane upgraded shares of NatWest Group from a “strong sell” rating to a “hold” rating in a research report on Friday, February 27th. Zacks Research upgraded shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research 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 research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, NatWest Group currently has an average rating of “Moderate Buy”.

NatWest Group Stock Up 6.9%

Shares of NWG opened at $16.41 on Thursday. NatWest Group plc has a 12 month low of $10.49 and a 12 month high of $19.35. The firm’s 50 day moving average is $16.13 and its 200-day moving average is $16.11. The stock has a market capitalization of $65.43 billion, a PE ratio of 9.16, a P/E/G ratio of 0.51 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.

NatWest Group (NYSE:NWG) last announced its earnings results on Thursday, February 12th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.38 by $0.08. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Equities research analysts forecast that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.621 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a dividend yield of 895.0%. NatWest Group’s dividend payout ratio (DPR) is currently 67.60%.

NatWest Group Company 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.