Capital Research Global Investors Buys New Shares in NatWest Group plc (NYSE:NWG)

Capital Research Global Investors purchased a new position in shares of NatWest Group plc (NYSE:NWG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 100,136 shares of the company's stock, valued at approximately $1,019,000.

A number of other hedge funds have also added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in shares of NatWest Group by 385.4% in the 4th quarter. First Trust Advisors LP now owns 51,133 shares of the company's stock valued at $520,000 after purchasing an additional 40,598 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NatWest Group by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company's stock worth $74,473,000 after buying an additional 216,053 shares during the last quarter. Forum Financial Management LP lifted its position in shares of NatWest Group by 94.2% during the 4th quarter. Forum Financial Management LP now owns 40,696 shares of the company's stock worth $414,000 after buying an additional 19,742 shares during the last quarter. Marshall Wace LLP boosted its stake in NatWest Group by 499.0% in the fourth quarter. Marshall Wace LLP now owns 812,933 shares of the company's stock valued at $8,268,000 after buying an additional 677,222 shares in the last quarter. Finally, Bridgewater Associates LP bought a new position in NatWest Group in the fourth quarter valued at about $629,000. 1.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NWG shares. Peel Hunt downgraded shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, NatWest Group has an average rating of "Buy".

NatWest Group Trading Up 1.0 %

Shares of NWG stock traded up $0.13 during mid-day trading on Friday, reaching $12.85. 3,971,189 shares of the stock traded hands, compared to its average volume of 3,292,761. The company has a market cap of $51.75 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The stock's fifty day simple moving average is $11.89 and its two-hundred day simple moving average is $10.77. NatWest Group plc has a 1-year low of $7.68 and a 1-year high of $12.87.

NatWest Group (NYSE:NWG - Get Free Report) last posted its earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. On average, research analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The business also recently disclosed 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 represents a yield of 3.8%. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date is Friday, March 14th. NatWest Group's dividend payout ratio is presently 55.88%.

About NatWest Group

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.