Oppenheimer Asset Management Inc. Has $433,000 Position in NatWest Group plc (NYSE:NWG)

Oppenheimer Asset Management Inc. lowered its stake in shares of NatWest Group plc (NYSE:NWG) by 35.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 42,566 shares of the company’s stock after selling 23,147 shares during the period. Oppenheimer Asset Management Inc.’s holdings in NatWest Group were worth $433,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NWG. QRG Capital Management Inc. increased its stake in NatWest Group by 78.8% in the third quarter. QRG Capital Management Inc. now owns 329,582 shares of the company’s stock valued at $3,085,000 after acquiring an additional 145,295 shares during the period. Marks Group Wealth Management Inc bought a new stake in NatWest Group in the third quarter valued at about $96,000. Seascape Capital Management increased its stake in NatWest Group by 2.9% in the third quarter. Seascape Capital Management now owns 308,702 shares of the company’s stock valued at $2,889,000 after acquiring an additional 8,767 shares during the period. Assetmark Inc. increased its stake in NatWest Group by 81.7% in the third quarter. Assetmark Inc. now owns 112,112 shares of the company’s stock valued at $1,049,000 after acquiring an additional 50,419 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in NatWest Group by 0.4% during the third quarter. Crossmark Global Holdings Inc. now owns 1,674,253 shares of the company’s stock worth $15,671,000 after buying an additional 6,387 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

NatWest Group Price Performance

Shares of NWG stock opened at $12.57 on Thursday. NatWest Group plc has a 1 year low of $6.17 and a 1 year high of $12.65. The firm’s 50 day moving average is $10.78 and its 200-day moving average is $10.03. The firm has a market capitalization of $50.60 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.85 and a beta of 1.22. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. Sell-side analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be issued a $0.3899 dividend. 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 is Friday, March 14th. NatWest Group’s dividend payout ratio is currently 55.88%.

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.