NatWest Group (NYSE:NWG) Sees Strong Trading Volume - Still a Buy?

NatWest Group plc (NYSE:NWG - Get Free Report) saw unusually-high trading volume on Friday . Approximately 4,721,530 shares were traded during mid-day trading, an increase of 66% from the previous session's volume of 2,848,249 shares.The stock last traded at $11.57 and had previously closed at $11.29.

Analysts Set New Price Targets

NWG has been the subject of a number of research analyst reports. BNP Paribas cut shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Peel Hunt cut 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NatWest Group has a consensus rating of "Buy".

NatWest Group Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The company's fifty day moving average is $11.08 and its 200-day moving average is $10.20. The stock has a market cap of $49.35 billion, a PE ratio of 9.01, a PEG ratio of 0.85 and a beta of 1.22.

NatWest Group (NYSE:NWG - Get Free Report) last issued its earnings results on Friday, February 14th. The company reported $0.37 earnings per share (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 analysts' expectations of $3.75 billion. On average, analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

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NatWest Group Increases Dividend

The firm 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 dividend of $0.3899 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's dividend payout ratio (DPR) is 55.88%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NWG. OneAscent Financial Services LLC grew its position in NatWest Group by 8.2% during the fourth quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock valued at $124,000 after buying an additional 926 shares during the period. Adero Partners LLC grew its position in NatWest Group by 9.5% during the fourth quarter. Adero Partners LLC now owns 11,738 shares of the company's stock valued at $119,000 after buying an additional 1,014 shares during the period. Raymond James Trust N.A. grew its position in NatWest Group by 3.0% during 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 period. Gallacher Capital Management LLC grew its position in NatWest Group by 2.3% during the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company's stock valued at $497,000 after buying an additional 1,093 shares during the period. Finally, Pitcairn Co. grew its position in NatWest Group by 7.4% during the fourth quarter. Pitcairn Co. now owns 17,223 shares of the company's stock valued at $175,000 after buying an additional 1,193 shares during the period. Hedge funds and other institutional investors own 1.27% of the company's stock.

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.