NatWest Group plc (NYSE:NWG) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,105,249 shares of the company's stock after selling 466,990 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in NatWest Group were worth $11,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC purchased a new position in shares of NatWest Group during the fourth quarter worth approximately $27,000. Hilltop National Bank purchased a new position in shares of NatWest Group during the fourth quarter worth approximately $29,000. First Horizon Advisors Inc. grew its position in shares of NatWest Group by 161.4% during the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock worth $29,000 after acquiring an additional 1,787 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of NatWest Group during the fourth quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of NatWest Group during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

NWG has been the topic of a number of research reports. Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy".

NatWest Group Price Performance

NatWest Group stock traded down $0.18 during midday trading on Thursday, reaching $11.36. The company's stock had a trading volume of 1,383,589 shares, compared to its average volume of 5,349,875. NatWest Group plc has a fifty-two week low of $6.74 and a fifty-two week high of $12.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The stock's 50 day simple moving average is $11.60 and its 200 day simple moving average is $10.53. The firm has a market capitalization of $45.75 billion, a PE ratio of 8.35, a P/E/G ratio of 0.85 and a beta of 0.93.

NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates 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. On average, equities research analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.3899 per share. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, March 14th. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's payout ratio is 55.88%.

NatWest Group 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.