QRG Capital Management Inc. Grows Stock Position in NatWest Group plc (NYSE:NWG)

QRG Capital Management Inc. grew its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 467,834 shares of the company's stock after buying an additional 138,252 shares during the period. QRG Capital Management Inc.'s holdings in NatWest Group were worth $4,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA increased its holdings in NatWest Group by 121.3% during the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company's stock worth $26,000 after acquiring an additional 1,499 shares during the period. Whipplewood Advisors LLC bought a new position in shares of NatWest Group in the fourth quarter worth $27,000. Hilltop National Bank bought a new position in shares of NatWest Group in the fourth quarter worth $29,000. First Horizon Advisors Inc. raised its position 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 worth $29,000 after buying an additional 1,787 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in NatWest Group during the third quarter valued at $33,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on NWG. BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a "hold" rating to a "moderate buy" rating in a research report on Monday, November 4th. 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's stock. According to data from MarketBeat, NatWest Group has a consensus rating of "Buy".

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NatWest Group Price Performance

NYSE:NWG traded down $0.11 during midday trading on Tuesday, hitting $12.18. The company had a trading volume of 5,093,840 shares, compared to its average volume of 5,133,228. The company has a market capitalization of $49.06 billion, a PE ratio of 8.96, a P/E/G ratio of 0.85 and a beta of 1.30. 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 52-week low of $6.16 and a 52-week high of $12.51. The stock's fifty day moving average price is $10.70 and its 200-day moving average price is $9.99.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.26 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $3.75 billion. As a group, research analysts expect that NatWest Group plc will post 1.35 earnings per share for the current year.

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 $0.3899 dividend. This represents a dividend yield of 3.8%. This is a positive change 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%.

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.