O Shaughnessy Asset Management LLC boosted its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,560,029 shares of the company's stock after purchasing an additional 70,150 shares during the period. O Shaughnessy Asset Management LLC's holdings in NatWest Group were worth $15,865,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of NatWest Group during the 4th quarter valued at $27,339,000. ABC Arbitrage SA purchased a new stake in shares of NatWest Group during the fourth quarter worth $9,578,000. FMR LLC boosted its position in NatWest Group by 57.0% during the third quarter. FMR LLC now owns 1,988,329 shares of the company's stock valued at $18,611,000 after purchasing an additional 721,578 shares during the last quarter. JPMorgan Chase & Co. grew its stake in NatWest Group by 1,506.7% in the fourth quarter. JPMorgan Chase & Co. now owns 750,227 shares of the company's stock valued at $7,630,000 after purchasing an additional 703,534 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company's stock worth $113,072,000 after purchasing an additional 408,239 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.
NatWest Group Stock Up 0.5 %
NYSE NWG traded up $0.07 during trading on Tuesday, hitting $11.99. 3,168,341 shares of the company traded hands, compared to its average volume of 3,023,945. NatWest Group plc has a 12 month low of $6.75 and a 12 month high of $12.65. The business has a fifty day simple moving average of $11.52 and a 200 day simple moving average of $10.43. The company has a market capitalization of $48.27 billion, a P/E ratio of 8.81, a PEG ratio of 0.85 and a beta of 1.22. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16.
NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. As a group, sell-side analysts predict that NatWest Group plc will post 1.35 EPS for the current year.
NatWest Group Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be paid a $0.3899 dividend. This represents a dividend yield of 3.8%. This is a boost from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date of this dividend is Friday, March 14th. NatWest Group's payout ratio is presently 55.88%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on NWG. BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy".
Check Out Our Latest Stock Report on NatWest Group
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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