Envestnet Asset Management Inc. Sells 78,259 Shares of NatWest Group plc (NYSE:NWG)

Envestnet Asset Management Inc. decreased its position in shares of NatWest Group plc (NYSE:NWG - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,133,227 shares of the company's stock after selling 78,259 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.05% of NatWest Group worth $21,695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in NatWest Group during the 4th quarter worth $27,339,000. ABC Arbitrage SA acquired a new position in shares of NatWest Group in the fourth quarter worth approximately $9,578,000. JPMorgan Chase & Co. boosted its holdings in NatWest Group by 1,506.7% in the fourth quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company's stock valued at $7,630,000 after acquiring an additional 703,534 shares during the last quarter. Natixis Advisors LLC increased its position in NatWest Group by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company's stock valued at $113,072,000 after purchasing an additional 408,239 shares during the period. Finally, Trexquant Investment LP raised its holdings in NatWest Group by 510.9% during the 4th quarter. Trexquant Investment LP now owns 247,808 shares of the company's stock worth $2,520,000 after purchasing an additional 207,242 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Peel Hunt cut shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. BNP Paribas downgraded NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

NatWest Group Stock Up 0.6 %

NYSE:NWG traded up $0.08 during trading hours on Friday, reaching $12.27. The company had a trading volume of 4,156,118 shares, compared to its average volume of 3,221,985. The business's 50-day simple moving average is $11.72 and its two-hundred day simple moving average is $10.63. NatWest Group plc has a twelve month low of $6.90 and a twelve month high of $12.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $49.39 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 0.85 and a beta of 0.93.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $3.75 billion. On average, equities analysts expect that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.3899 per share. This is a positive change from NatWest Group's previous semi-annual dividend of $0.36. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, March 14th. NatWest Group's dividend payout ratio (DPR) is 55.88%.

NatWest Group Company 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.