Y Intercept Hong Kong Ltd Takes $630,000 Position in NatWest Group plc (NYSE:NWG)

Y Intercept Hong Kong Ltd bought a new stake in shares of NatWest Group plc (NYSE:NWG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 61,931 shares of the company's stock, valued at approximately $630,000.

Several other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in NatWest Group by 70.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,619 shares of the company's stock worth $202,000 after acquiring an additional 8,923 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of NatWest Group by 13.3% during the third quarter. Private Advisor Group LLC now owns 52,869 shares of the company's stock valued at $495,000 after purchasing an additional 6,199 shares in the last quarter. Goldstone Financial Group LLC purchased a new position in NatWest Group during the third quarter worth about $299,000. US Bancorp DE grew its position in NatWest Group by 352.4% in the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company's stock worth $5,311,000 after purchasing an additional 442,002 shares in the last quarter. Finally, Optas LLC purchased a new stake in NatWest Group in the 3rd quarter valued at about $100,000. Institutional investors own 1.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods upgraded NatWest Group from a "hold" rating to a "moderate buy" rating in a research note on Monday, November 4th. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy".

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NatWest Group Price Performance

NWG traded up $0.01 during trading on Tuesday, reaching $12.30. The stock had a trading volume of 4,604,408 shares, compared to its average volume of 2,686,102. The business has a 50-day moving average of $10.70 and a 200-day moving average of $9.99. NatWest Group plc has a one year low of $6.17 and a one year high of $12.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $49.51 billion, a PE ratio of 9.04, a PEG ratio of 0.85 and a beta of 1.30.

NatWest Group (NYSE:NWG - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating the consensus estimate 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, equities research analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.3899 per share. The ex-dividend date is Friday, March 14th. This is an increase 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 55.88%.

NatWest Group 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.