NatWest Group (NYSE:NWG) Hits New 1-Year High - Here's What Happened

NatWest Group plc (NYSE:NWG - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.08 and last traded at $12.05, with a volume of 14829314 shares. The stock had previously closed at $11.80.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upgraded NatWest Group from a "hold" rating to a "moderate buy" rating in a report on Monday, November 4th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

NatWest Group Price Performance

The firm has a market capitalization of $49.53 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The stock's fifty day moving average price is $10.66 and its two-hundred day moving average price is $9.97.

NatWest Group (NYSE:NWG - Get Free Report) last released 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 business had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $3.75 billion. Equities research analysts expect that NatWest Group plc will post 1.35 EPS for the current year.

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NatWest Group Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in NatWest Group by 70.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 21,619 shares of the company's stock valued at $202,000 after acquiring an additional 8,923 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of NatWest Group by 13.3% in the 3rd quarter. Private Advisor Group LLC now owns 52,869 shares of the company's stock valued at $495,000 after purchasing an additional 6,199 shares during the last quarter. US Bancorp DE boosted its position in shares of NatWest Group by 352.4% in the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company's stock valued at $5,311,000 after purchasing an additional 442,002 shares during the period. Optas LLC purchased a new position in NatWest Group during the 3rd quarter worth approximately $100,000. Finally, QRG Capital Management Inc. grew its stake in NatWest Group by 78.8% during the 3rd quarter. QRG Capital Management Inc. now owns 329,582 shares of the company's stock worth $3,085,000 after buying an additional 145,295 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.