US Bancorp DE Sells 24,397 Shares of NatWest Group plc (NYSE:NWG)

US Bancorp DE reduced its position in NatWest Group plc (NYSE:NWG - Free Report) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 543,024 shares of the company's stock after selling 24,397 shares during the quarter. US Bancorp DE's holdings in NatWest Group were worth $5,523,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NWG. Natixis Advisors LLC raised its stake in NatWest Group by 10.7% in the third quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company's stock valued at $100,245,000 after purchasing an additional 1,031,057 shares in the last quarter. ABC Arbitrage SA purchased a new stake in NatWest Group in the fourth quarter valued at approximately $9,578,000. FMR LLC raised its stake in NatWest Group by 57.0% in 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 in the last quarter. Sanctuary Advisors LLC raised its stake in NatWest Group by 394.6% in the third quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company's stock valued at $2,441,000 after purchasing an additional 196,724 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in NatWest Group by 78.8% in the third quarter. QRG Capital Management Inc. now owns 329,582 shares of the company's stock valued at $3,085,000 after purchasing an additional 145,295 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Price Performance

Shares of NWG stock traded up $0.05 during trading hours on Friday, hitting $12.16. 8,943,060 shares of the company's stock were exchanged, compared to its average volume of 2,763,246. The company has a market capitalization of $48.95 billion, a PE ratio of 8.94, a PEG ratio of 0.85 and a beta of 1.22. NatWest Group plc has a 12-month low of $6.17 and a 12-month high of $12.65. The business's 50 day simple moving average is $10.86 and its 200-day simple moving average is $10.06. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16.

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NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.37 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, equities research analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be issued a $0.3899 dividend. This is a boost from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 3.8%. NatWest Group's dividend payout ratio (DPR) is currently 55.88%.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas downgraded shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday. 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. Based on data from MarketBeat, the company has a consensus rating of "Buy".

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.