NatWest Group plc (NYSE:NWG) shares traded 2.42% higher at $6.34 on Wall Street last session.
NWG stock price is now -1.01% away from the 50-day moving average and -2.62% away from the 200-day moving average. The market capitalization of the company currently stands at $27.76B.
A total of 68.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NWG stock. A new stake in NatWest Group plc shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $6,868,000. BRANDES INVESTMENT PARTNERS, LP invested $5,044,000 in shares of NWG during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in NatWest Group plc valued at approximately $2,190,000. INTEGRATED WEALTH CONCEPTS LLC acquired a new stake in NWG for approximately $1,816,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in NWG valued at around $1,488,000 in the second quarter. In total, there are 196 active investors with 0.90% ownership of the company’s stock.
During the past 12 months, NatWest Group plc has had a low of $4.70 and a high of $7.80. The fifty day moving average price for NWG is $6.40 and a two-hundred day moving average price translates $6.52 for the stock.
The latest earnings results from NatWest Group plc (NYSE: NWG) was released for Jun, 2023. The net profit margin was 25.50% and return on equity was 10.40% for NWG. The company reported revenue of $5.47 billion for the quarter, compared to $3.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 66.33 percent.
Moreover, the firm recently paid out its quarterly dividend on 05/02/2023. Investors who held shares on 03/17/2023 were paid a $0.23986 dividend. On an annualized basis, this represents a $0.34 dividend and a 5.33% percent yield. There was an ex-dividend date of 03/16/2023 for this dividend.
NatWest Group plc(NWG) 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. The Retail Banking segment offers a range of banking products and related financial services, such as current accounts, mortgages, personal unsecured lending, and personal deposits, as well as mobile and online banking services. The Private Banking segment provides private banking and wealth management products for high-net-worth individuals and their business interests. The Commercial & Institutional segment offers banking and financial solutions to large corporate organisations, multi-nationals, and financial institutions. The company was formerly known as The Royal Bank of Scotland Group plc and changed its name to NatWest Group plc in July 2020. NatWest Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.
