NatWest Group (NYSE:NWG) Reaches New 12-Month High - What's Next?

NatWest Group plc (NYSE:NWG - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $12.55 and last traded at $12.52, with a volume of 3487770 shares traded. The stock had previously closed at $12.09.

Analysts Set New Price Targets

Separately, BNP Paribas cut NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NatWest Group currently has a consensus rating of "Buy".

NatWest Group Stock Performance

The firm has a market cap of $48.95 billion, a P/E ratio of 8.94, a PEG 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. The stock's 50-day moving average is $10.86 and its 200 day moving average is $10.07.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $3.75 billion. On average, research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

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NatWest Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders 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 is Friday, March 14th. This is a boost from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's payout ratio is 55.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA lifted its position in NatWest Group by 121.3% in the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company's stock valued at $26,000 after acquiring an additional 1,499 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of NatWest Group in the fourth quarter valued at about $27,000. Hilltop National Bank bought a new stake in shares of NatWest Group in the fourth quarter valued at about $29,000. First Horizon Advisors Inc. lifted its holdings in shares of NatWest Group by 161.4% in the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock valued at $29,000 after purchasing an additional 1,787 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of NatWest Group in the third quarter valued at about $33,000. Institutional investors own 1.27% of the company's stock.

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.