Raymond James Financial Inc. acquired a new position in shares of 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 fund acquired 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.
Several other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC increased its holdings in shares of NatWest Group by 10.7% in the 3rd 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 position in shares of NatWest Group in the 4th quarter valued at about $9,578,000. FMR LLC increased its holdings in shares of NatWest Group by 57.0% in the 3rd 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 increased its holdings in shares of NatWest Group by 394.6% in the 3rd 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. increased its holdings in shares of NatWest Group by 41.9% in the 4th quarter. QRG Capital Management Inc. now owns 467,834 shares of the company's stock valued at $4,758,000 after purchasing an additional 138,252 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company's stock.
NatWest Group Trading Up 3.1 %
Shares of NWG traded up $0.37 during mid-day trading on Tuesday, hitting $12.26. The company had a trading volume of 4,857,437 shares, compared to its average volume of 2,919,680. The business's 50-day simple moving average is $11.04 and its 200-day simple moving average is $10.18. 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 1-year low of $6.17 and a 1-year high of $12.65. The stock has a market cap of $49.35 billion, a PE ratio of 9.01, a P/E/G ratio of 0.85 and a beta of 1.22.
NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. Sell-side analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current year.
NatWest Group Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be given a $0.3899 dividend. 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 dividend yield of 3.8%. NatWest Group's dividend payout ratio (DPR) is currently 55.88%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on NWG. BNP Paribas cut shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. Peel Hunt cut shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".
View Our Latest Stock Analysis on NWG
About NatWest Group
(
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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