Brandes Investment Partners LP trimmed its position in NatWest Group plc (NYSE:NWG - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,189,438 shares of the company's stock after selling 29,500 shares during the quarter. Brandes Investment Partners LP's holdings in NatWest Group were worth $12,097,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. MQS Management LLC bought a new stake in shares of NatWest Group during the third quarter worth $121,000. Natixis Advisors LLC grew its stake in shares of NatWest Group by 10.7% during the third quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company's stock worth $100,245,000 after buying an additional 1,031,057 shares during the last quarter. Adero Partners LLC bought a new stake in shares of NatWest Group during the third quarter worth $100,000. Claro Advisors LLC grew its stake in shares of NatWest Group by 15.8% during the third quarter. Claro Advisors LLC now owns 16,276 shares of the company's stock worth $152,000 after buying an additional 2,220 shares during the last quarter. Finally, Baron Wealth Management LLC grew its stake in shares of NatWest Group by 56.8% during the third quarter. Baron Wealth Management LLC now owns 19,365 shares of the company's stock worth $181,000 after buying an additional 7,017 shares during the last quarter. 1.27% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on NWG. BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on NWG
NatWest Group Trading Down 1.7 %
Shares of NYSE:NWG traded down $0.21 during mid-day trading on Thursday, reaching $12.11. 4,119,724 shares of the company's stock were exchanged, compared to its average volume of 2,948,399. The firm has a market capitalization of $48.75 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.85 and a beta of 1.22. The business's fifty day moving average price is $11.13 and its 200-day moving average price is $10.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group plc has a twelve month low of $6.33 and a twelve month high of $12.65.
NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. On average, research analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.
NatWest Group Increases Dividend
The company also recently announced 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. The ex-dividend date is Friday, March 14th. This represents a yield of 3.8%. NatWest Group's payout ratio is presently 55.88%.
NatWest Group Company Profile
(
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.
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