Connor Clark & Lunn Investment Management Ltd. Buys New Shares in NatWest Group plc (NYSE:NWG)

Connor Clark & Lunn Investment Management Ltd. bought a new position in NatWest Group plc (NYSE:NWG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 49,979 shares of the company's stock, valued at approximately $508,000.

Other large investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its stake in shares of NatWest Group by 6.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 92,311 shares of the company's stock valued at $864,000 after buying an additional 5,667 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of NatWest Group by 1.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 895,152 shares of the company's stock valued at $8,379,000 after purchasing an additional 14,019 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NatWest Group by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company's stock valued at $2,299,000 after buying an additional 44,422 shares during the last quarter. Raymond James Trust N.A. increased its holdings in 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 during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of NatWest Group by 72.6% in the 3rd quarter. Cerity Partners LLC now owns 84,385 shares of the company's stock valued at $790,000 after buying an additional 35,499 shares in the last quarter. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

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NatWest Group Stock Up 0.8 %

Shares of NWG stock traded up $0.10 during trading on Monday, hitting $12.10. 2,147,102 shares of the company were exchanged, compared to its average volume of 2,960,220. The firm has a market capitalization of $48.71 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.85 and a beta of 1.22. 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 $6.61 and a twelve month high of $12.65. The business's 50-day simple moving average is $11.23 and its 200 day simple moving average is $10.27.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly 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 business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. As a group, analysts forecast 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.3899 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 3.8%. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's payout ratio is presently 55.88%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NWG. BNP Paribas downgraded shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Peel Hunt cut 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NatWest Group has an average rating of "Buy".

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.