American Century Companies Inc. grew its stake in NatWest Group plc (NYSE:NWG - Free Report) by 16.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,368,151 shares of the company's stock after acquiring an additional 196,470 shares during the quarter. American Century Companies Inc.'s holdings in NatWest Group were worth $13,914,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Summit Global Investments purchased a new stake in shares of NatWest Group during the fourth quarter valued at approximately $885,000. HUB Investment Partners LLC boosted its position in shares of NatWest Group by 10.1% during the fourth quarter. HUB Investment Partners LLC now owns 19,657 shares of the company's stock valued at $200,000 after buying an additional 1,807 shares during the last quarter. Whittier Trust Co. purchased a new stake in NatWest Group in the fourth quarter worth approximately $42,000. Boston Partners grew its position in NatWest Group by 34.4% in the 4th quarter. Boston Partners now owns 365,226 shares of the company's stock worth $3,719,000 after purchasing an additional 93,568 shares during the period. Finally, Signaturefd LLC raised its stake in NatWest Group by 4.8% during the 4th quarter. Signaturefd LLC now owns 60,658 shares of the company's stock valued at $617,000 after buying an additional 2,794 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Peel Hunt downgraded NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, NatWest Group has a consensus rating of "Buy".
Get Our Latest Analysis on NatWest Group
NatWest Group Price Performance
NYSE NWG traded down $0.34 during trading hours on Thursday, reaching $11.84. The company's stock had a trading volume of 6,097,661 shares, compared to its average volume of 3,046,555. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. NatWest Group plc has a 1 year low of $6.75 and a 1 year high of $12.65. The firm's 50-day moving average price is $11.56 and its 200-day moving average price is $10.44. The company has a market capitalization of $47.66 billion, a price-to-earnings ratio of 8.70, 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 firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. On average, equities research analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.
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 $0.3899 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from NatWest Group's previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. NatWest Group's dividend payout ratio (DPR) is 55.88%.
About NatWest Group
(
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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