Summit Global Investments Takes $885,000 Position in NatWest Group plc (NYSE:NWG)

Summit Global Investments acquired a new position in shares of NatWest Group plc (NYSE:NWG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 86,998 shares of the company's stock, valued at approximately $885,000.

Several other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA lifted its stake in shares of NatWest Group by 121.3% during the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company's stock valued at $26,000 after buying an additional 1,499 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in NatWest Group during the 4th quarter valued at $27,000. Hilltop National Bank purchased a new stake in shares of NatWest Group during the fourth quarter worth $29,000. First Horizon Advisors Inc. grew 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 valued at $29,000 after purchasing an additional 1,787 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in NatWest Group during the 3rd quarter worth about $33,000. Institutional investors own 1.27% of the company's stock.

NatWest Group Trading Up 1.0 %

NYSE NWG traded up $0.12 on Thursday, hitting $12.15. The company's stock had a trading volume of 3,984,375 shares, compared to its average volume of 2,984,350. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. NatWest Group plc has a 52-week low of $6.69 and a 52-week high of $12.65. The firm has a market cap of $48.91 billion, a P/E ratio of 8.93, a PEG ratio of 0.85 and a beta of 1.22. The company's 50-day simple moving average is $11.38 and its 200 day simple moving average is $10.32.

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NatWest Group (NYSE:NWG - Get Free Report) last released 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 firm had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $3.75 billion. Research analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on NWG. Peel Hunt lowered 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 equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus 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.