Wells Fargo & Company MN Buys 28,281 Shares of NatWest Group plc (NYSE:NWG)

Wells Fargo & Company MN lifted its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,901,822 shares of the company's stock after acquiring an additional 28,281 shares during the quarter. Wells Fargo & Company MN's holdings in NatWest Group were worth $19,342,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NWG. Charles Schwab Investment Management Inc. increased its stake in shares of NatWest Group by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company's stock worth $2,299,000 after purchasing an additional 44,422 shares during the last quarter. Captrust Financial Advisors increased its position in NatWest Group by 24.4% in the third quarter. Captrust Financial Advisors now owns 19,662 shares of the company's stock worth $184,000 after buying an additional 3,854 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of NatWest Group by 79.1% in the third quarter. HighTower Advisors LLC now owns 194,774 shares of the company's stock valued at $1,820,000 after buying an additional 86,029 shares during the period. Stifel Financial Corp lifted its position in shares of NatWest Group by 12.7% during the 3rd quarter. Stifel Financial Corp now owns 396,490 shares of the company's stock valued at $3,711,000 after buying an additional 44,560 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of NatWest Group by 339.2% during the 3rd quarter. Jane Street Group LLC now owns 53,450 shares of the company's stock worth $500,000 after acquiring an additional 41,279 shares during the period. 1.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NWG has been the topic of a number of research reports. BNP Paribas cut 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 research analyst has rated the stock with a hold rating, three have given 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".

NatWest Group Price Performance

Shares of NWG traded up $0.08 during midday trading on Friday, hitting $12.27. 4,156,118 shares of the company traded hands, compared to its average volume of 3,221,985. NatWest Group plc has a one year low of $6.90 and a one year high of $12.65. The firm has a market cap of $49.39 billion, a P/E ratio of 9.02, a PEG ratio of 0.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50-day moving average of $11.72 and a 200-day moving average of $10.63.

NatWest Group (NYSE:NWG - Get Free Report) last posted its earnings results on Friday, February 14th. The company reported $0.37 earnings per share 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 the consensus estimate of $3.75 billion. As a group, sell-side analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The firm 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 dividend of $0.3899 per share. This represents a yield of 3.8%. This is a boost from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date of this dividend is Friday, March 14th. NatWest Group's payout ratio is presently 55.88%.

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.