Bruce G. Allen Investments LLC Has $26,000 Stake in NatWest Group plc (NYSE:NWG)

Bruce G. Allen Investments LLC increased its position in shares of NatWest Group plc (NYSE:NWG) by 285.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,813 shares of the company’s stock after buying an additional 2,083 shares during the period. Bruce G. Allen Investments LLC’s holdings in NatWest Group were worth $26,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hexagon Capital Partners LLC lifted its stake in NatWest Group by 134.5% in the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after buying an additional 1,980 shares during the period. Atomi Financial Group Inc. increased its stake in shares of NatWest Group by 44.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 40,046 shares of the company’s stock valued at $375,000 after acquiring an additional 12,236 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of NatWest Group by 190.5% during the 3rd quarter. Fulton Bank N.A. now owns 30,464 shares of the company’s stock valued at $285,000 after acquiring an additional 19,979 shares during the period. GAMMA Investing LLC boosted its stake in NatWest Group by 61.9% during the third quarter. GAMMA Investing LLC now owns 7,391 shares of the company’s stock worth $69,000 after acquiring an additional 2,825 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in NatWest Group by 31.7% in the third quarter. Park Avenue Securities LLC now owns 34,386 shares of the company’s stock worth $322,000 after purchasing an additional 8,280 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Price Performance

NWG stock opened at $9.31 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.08 and a current ratio of 1.07. The business has a 50-day simple moving average of $9.01 and a two-hundred day simple moving average of $8.33. The company has a market capitalization of $38.66 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 2.36 and a beta of 1.33. NatWest Group plc has a 52-week low of $4.30 and a 52-week high of $9.68.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $4.62 billion for the quarter. Research analysts expect that NatWest Group plc will post 0.92 EPS for the current fiscal year.

NatWest Group Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NWG shares. The Goldman Sachs Group initiated coverage on shares of NatWest Group in a report on Friday, October 4th. They set a “buy” rating on the stock. Kepler Capital Markets initiated coverage on NatWest Group in a research note on Thursday, September 5th. They issued a “buy” rating for the company. Finally, UBS Group raised NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NatWest Group has an average rating of “Moderate Buy”.

NatWest Group 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.