SVB Wealth LLC bought a new stake in shares of NatWest Group plc (NYSE:NWG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,757 shares of the company's stock, valued at approximately $242,000.
Several other hedge funds have also recently made changes to their positions in NWG. Private Trust Co. NA raised its position in NatWest Group by 121.3% in the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company's stock worth $26,000 after purchasing an additional 1,499 shares during the period. Whipplewood Advisors LLC purchased a new stake in NatWest Group in the 4th quarter worth about $27,000. Hilltop National Bank purchased a new stake in NatWest Group in the 4th quarter worth about $29,000. First Horizon Advisors Inc. raised its position in NatWest Group by 161.4% in the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock worth $29,000 after purchasing an additional 1,787 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in NatWest Group in the 3rd quarter worth about $33,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.
NatWest Group Stock Up 0.4 %
NWG stock traded up $0.05 during trading on Friday, hitting $12.16. 8,943,060 shares of the company's stock traded hands, compared to its average volume of 2,768,226. The firm has a market capitalization of $48.95 billion, a P/E ratio of 8.94, a PEG ratio of 0.85 and a beta of 1.22. The business has a fifty day simple moving average of $10.86 and a two-hundred day simple moving average of $10.07. 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.
NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Sell-side analysts anticipate that NatWest Group plc will post 1.35 EPS for the current year.
NatWest Group Increases Dividend
The company 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 $0.3899 dividend. This is a positive change from NatWest Group's previous semi-annual dividend of $0.36. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, March 14th. NatWest Group's payout ratio is currently 55.88%.
Analyst Ratings Changes
Separately, BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".
Check Out Our Latest Stock Report on NatWest Group
About NatWest Group
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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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