Raymond James Financial Inc. bought a new position in NatWest Group plc (NYSE:NWG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,688,238 shares of the company's stock, valued at approximately $27,339,000. Raymond James Financial Inc. owned about 0.07% of NatWest Group at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in NatWest Group by 339.2% in the third quarter. Jane Street Group LLC now owns 53,450 shares of the company's stock worth $500,000 after purchasing an additional 41,279 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of NatWest Group by 66.4% in the third quarter. MML Investors Services LLC now owns 69,531 shares of the company's stock worth $651,000 after buying an additional 27,742 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of NatWest Group during the 3rd quarter worth approximately $33,000. GAMMA Investing LLC boosted its holdings in NatWest Group by 56.0% during the 4th quarter. GAMMA Investing LLC now owns 11,529 shares of the company's stock valued at $117,000 after acquiring an additional 4,138 shares during the period. Finally, Hilltop National Bank bought a new position in NatWest Group in the 4th quarter valued at $29,000. 1.27% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently issued reports on NWG shares. 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. BNP Paribas cut shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. One 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 stock. According to MarketBeat, NatWest Group currently has an average rating of "Buy".
Check Out Our Latest Research Report on NWG
NatWest Group Price Performance
NWG opened at $12.27 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The business's fifty day simple moving average is $11.72 and its 200-day simple moving average is $10.63. The company has a market capitalization of $49.39 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.85 and a beta of 0.93. 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 posted its earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates 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 fiscal year.
NatWest Group Increases Dividend
The business also recently announced 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 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 is currently 55.88%.
NatWest Group Company Profile
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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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