Qtron Investments LLC Makes New $708,000 Investment in NatWest Group plc (NYSE:NWG)

Qtron Investments LLC acquired a new position in NatWest Group plc (NYSE:NWG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 69,654 shares of the company's stock, valued at approximately $708,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NWG. OneAscent Financial Services LLC grew its position in shares of NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock valued at $124,000 after purchasing an additional 926 shares in the last quarter. Adero Partners LLC raised its stake in NatWest Group by 9.5% in the fourth quarter. Adero Partners LLC now owns 11,738 shares of the company's stock valued at $119,000 after purchasing an additional 1,014 shares in the last quarter. Gallacher Capital Management LLC lifted its position in NatWest Group by 2.3% during the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company's stock valued at $497,000 after purchasing an additional 1,093 shares during the last quarter. Pitcairn Co. raised its position in NatWest Group by 7.4% during the fourth quarter. Pitcairn Co. now owns 17,223 shares of the company's stock valued at $175,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Optas LLC lifted its stake in NatWest Group by 11.5% in the fourth quarter. Optas LLC now owns 11,912 shares of the company's stock worth $121,000 after purchasing an additional 1,228 shares during the last quarter. Institutional investors own 1.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NWG. BNP Paribas cut shares of 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 note on Thursday, March 6th. One equities research 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 data from MarketBeat, NatWest Group has an average rating of "Buy".

NatWest Group Stock Performance

NatWest Group stock traded up $0.08 during midday trading on Friday, reaching $12.27. 4,156,118 shares of the company traded hands, compared to its average volume of 3,221,985. The firm has a market capitalization of $49.39 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day moving average of $11.72 and a two-hundred day moving average of $10.63. NatWest Group plc has a 12 month low of $6.90 and a 12 month high of $12.65.

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

NatWest Group Increases Dividend

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

NatWest Group 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.