New York State Common Retirement Fund Makes New Investment in NatWest Group plc (NYSE:NWG)

New York State Common Retirement Fund acquired a new position in shares of NatWest Group plc (NYSE:NWG - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 21,214 shares of the company's stock, valued at approximately $216,000.

Other institutional investors also recently added to or reduced their stakes in the company. Adero Partners LLC grew its position in NatWest Group by 9.5% during the 4th quarter. Adero Partners LLC now owns 11,738 shares of the company's stock worth $119,000 after purchasing an additional 1,014 shares during the last quarter. Raymond James Trust N.A. boosted its position in NatWest Group by 3.0% in the third quarter. Raymond James Trust N.A. now owns 35,878 shares of the company's stock valued at $336,000 after buying an additional 1,039 shares during the last quarter. Optas LLC boosted its position in NatWest Group by 11.5% in the fourth quarter. Optas LLC now owns 11,912 shares of the company's stock valued at $121,000 after buying an additional 1,228 shares during the last quarter. Five Oceans Advisors boosted its position in NatWest Group by 12.0% in the fourth quarter. Five Oceans Advisors now owns 12,684 shares of the company's stock valued at $129,000 after buying an additional 1,358 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its position in NatWest Group by 13.3% in the fourth quarter. Perigon Wealth Management LLC now owns 12,045 shares of the company's stock valued at $122,000 after buying an additional 1,411 shares during the last quarter. Institutional investors own 1.27% of the company's stock.

NatWest Group Price Performance

Shares of NWG stock traded up $0.05 during mid-day trading on Friday, hitting $12.16. 8,943,060 shares of the stock were exchanged, compared to its average volume of 2,768,226. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $48.95 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22. NatWest Group plc has a 52-week low of $6.17 and a 52-week high of $12.65. The firm has a fifty day moving average of $10.86 and a 200 day moving average of $10.07.

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NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to analysts' expectations of $3.75 billion. 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 disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 14th will be issued a $0.3899 dividend. The ex-dividend date is Friday, March 14th. This represents a yield of 3.8%. This is a positive change from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's dividend payout ratio (DPR) is presently 55.88%.

Analysts Set New Price Targets

Separately, BNP Paribas lowered 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.