Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of NatWest Group plc (NYSE:NWG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 49,979 shares of the company's stock, valued at approximately $508,000.
Several other large investors also recently made changes to their positions in the business. Adero Partners LLC increased its holdings in 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 purchasing an additional 1,014 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of NatWest Group by 3.0% in the third quarter. Raymond James Trust N.A. now owns 35,878 shares of the company's stock valued at $336,000 after buying an additional 1,039 shares in the last quarter. Optas LLC raised its holdings in shares of NatWest Group by 11.5% during the 4th quarter. Optas LLC now owns 11,912 shares of the company's stock valued at $121,000 after buying an additional 1,228 shares during the period. Five Oceans Advisors lifted its position in NatWest Group by 12.0% during the 4th quarter. Five Oceans Advisors now owns 12,684 shares of the company's stock worth $129,000 after acquiring an additional 1,358 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in NatWest Group by 13.3% in the 4th quarter. Perigon Wealth Management LLC now owns 12,045 shares of the company's stock worth $122,000 after acquiring an additional 1,411 shares during the period. Institutional investors and hedge funds own 1.27% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on NWG. BNP Paribas cut shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research 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 analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".
Check Out Our Latest Report on NWG
NatWest Group Stock Down 1.2 %
Shares of NatWest Group stock traded down $0.15 on Wednesday, hitting $12.03. 3,786,576 shares of the company's stock traded hands, compared to its average volume of 2,973,344. NatWest Group plc has a 52-week low of $6.67 and a 52-week high of $12.65. 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 has a market cap of $48.43 billion, a P/E ratio of 8.84, a PEG ratio of 0.85 and a beta of 1.22. The firm's 50-day moving average is $11.34 and its 200 day moving average is $10.31.
NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $3.75 billion. Equities analysts anticipate 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. Investors of record on Friday, March 14th will be paid 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 (DPR) is 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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