Teachers Retirement System of The State of Kentucky lifted its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,673,551 shares of the company's stock after purchasing an additional 127,680 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.07% of NatWest Group worth $27,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in the stock. OneAscent Financial Services LLC grew its position in shares of NatWest Group by 8.2% during the fourth quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock worth $124,000 after purchasing an additional 926 shares in the last quarter. Adero Partners LLC grew its position in shares of NatWest Group by 9.5% during the 4th quarter. Adero Partners LLC now owns 11,738 shares of the company's stock worth $119,000 after buying an additional 1,014 shares in the last quarter. Gallacher Capital Management LLC lifted its holdings in NatWest Group by 2.3% during the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company's stock worth $497,000 after buying an additional 1,093 shares during the period. Pitcairn Co. grew its position in shares of NatWest Group by 7.4% in the 4th quarter. Pitcairn Co. now owns 17,223 shares of the company's stock worth $175,000 after buying an additional 1,193 shares during the last quarter. Finally, Optas LLC increased its position in shares of NatWest Group by 11.5% in the 4th quarter. Optas LLC now owns 11,912 shares of the company's stock valued at $121,000 after acquiring an additional 1,228 shares during the period. 1.27% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently commented on NWG. Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. BNP Paribas lowered 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy".
Check Out Our Latest Stock Report on NWG
NatWest Group Price Performance
Shares of NYSE NWG traded up $0.19 during trading on Wednesday, reaching $12.76. The company had a trading volume of 5,369,087 shares, compared to its average volume of 3,272,966. The stock has a market capitalization of $51.39 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. The stock has a 50-day moving average price of $11.82 and a two-hundred day moving average price of $10.72. NatWest Group plc has a twelve month low of $7.18 and a twelve month high of $13.06. 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 (NYSE:NWG - Get Free Report) last issued its earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.11. The firm had revenue of $4.90 billion for the quarter, compared to analysts' expectations of $3.75 billion. As a group, sell-side analysts predict 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. Shareholders of record on Friday, March 14th will be paid a $0.3899 dividend. This is an increase 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 presently 55.88%.
NatWest Group Profile
(
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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