Tue Sep 17 07:23:07 UTC 2024: ## Bank of New York Mellon Boosts Stake in NatWest Group, Other Investors Follow Suit

**New York, NY (MarketBeat News) –** Bank of New York Mellon Corp significantly increased its stake in NatWest Group plc (NYSE: NWG) during the second quarter, acquiring an additional 133,276 shares, according to the company’s latest SEC filing. This represents an 85% increase in their holdings, bringing their total ownership to 290,045 shares worth $2,329,000.

This move by Bank of New York Mellon follows a trend of other institutional investors also adjusting their positions in NatWest Group during the second quarter. Raymond James Trust N.A. raised its stake by 22.7%, Aaron Wealth Advisors LLC initiated a new position, Fifth Third Bancorp boosted its holdings by 14.6%, and Raymond James & Associates increased its position by 46.8%. Blue Trust Inc. also joined the trend, growing its stake by 58.8%.

These investments highlight a growing confidence in NatWest Group, a leading provider of banking and financial services in the United Kingdom and internationally. The company’s recent semi-annual dividend increase to $0.1543 per share, representing a 4.3% yield, further emphasizes the attractive investment potential.

While institutional investor activity paints a positive picture, several brokerages have also expressed optimism towards NatWest Group. UBS Group upgraded the stock to a “strong-buy” rating, while Kepler Capital Markets initiated coverage with a “buy” rating. Overall, analysts hold a “Moderate Buy” consensus rating on the stock.

NatWest Group’s performance is backed by strong financial indicators including a quick ratio of 1.08, a current ratio of 1.07, and a debt-to-equity ratio of 0.16. The company’s stock has a 50-day moving average price of $8.90 and a 200-day moving average price of $8.01.

Despite its current market capitalization of $37.58 billion, NatWest Group is poised for further growth, making it a stock worth watching for investors seeking exposure to the UK banking sector.

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