Sagespring Wealth Partners LLC purchased a new position in shares of NatWest Group plc (NYSE:NWG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,700 shares of the company's stock, valued at approximately $231,000.
Other large investors have also recently bought and sold shares of the company. OneAscent Financial Services LLC boosted its holdings in NatWest Group by 8.2% during the fourth quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock worth $124,000 after purchasing an additional 926 shares during the last quarter. Adero Partners LLC grew its holdings in shares of NatWest Group by 9.5% in the 4th quarter. Adero Partners LLC now owns 11,738 shares of the company's stock valued at $119,000 after acquiring an additional 1,014 shares in the last quarter. Gallacher Capital Management LLC increased its position in shares of NatWest Group by 2.3% in the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company's stock valued at $497,000 after acquiring an additional 1,093 shares during the last quarter. Pitcairn Co. raised its holdings in NatWest Group by 7.4% during the fourth quarter. Pitcairn Co. now owns 17,223 shares of the company's stock worth $175,000 after acquiring an additional 1,193 shares in the last quarter. Finally, Optas LLC boosted its position in NatWest Group by 11.5% during the fourth quarter. Optas LLC now owns 11,912 shares of the company's stock valued at $121,000 after purchasing an additional 1,228 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.
NatWest Group Stock Performance
Shares of NYSE NWG traded up $0.40 during mid-day trading on Tuesday, reaching $12.57. 6,501,184 shares of the company were exchanged, compared to its average volume of 3,255,638. NatWest Group plc has a twelve month low of $7.16 and a twelve month high of $12.65. The stock has a market capitalization of $50.62 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.85 and a beta of 0.93. The company's 50-day simple moving average is $11.78 and its 200-day simple moving average is $10.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16.
NatWest Group (NYSE:NWG - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $3.75 billion. As a group, research analysts predict 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 paid a $0.3899 dividend. The ex-dividend date is Friday, March 14th. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. NatWest Group's dividend payout ratio is 55.88%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on NWG shares. BNP Paribas downgraded NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Peel Hunt downgraded shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".
Read Our Latest Stock Analysis on NWG
About NatWest Group
(
Free Report)
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.
Read More
Before you consider NatWest Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NatWest Group wasn't on the list.
While NatWest Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
