Raymond James Financial Inc. Purchases New Holdings in NatWest Group plc (NYSE:NWG)

Raymond James Financial Inc. purchased a new stake in NatWest Group plc (NYSE:NWG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,688,238 shares of the company’s stock, valued at approximately $27,339,000.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of NatWest Group in the 3rd quarter valued at approximately $572,000. New York State Common Retirement Fund purchased a new stake in shares of NatWest Group in the 4th quarter valued at approximately $216,000. Sanctuary Advisors LLC lifted its position in shares of NatWest Group by 394.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock valued at $2,441,000 after acquiring an additional 196,724 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of NatWest Group by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock valued at $2,299,000 after acquiring an additional 44,422 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its position in shares of NatWest Group by 79.3% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 130,291 shares of the company’s stock valued at $1,325,000 after acquiring an additional 57,618 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analysts Set New Price Targets

NWG has been the topic of several research reports. Peel Hunt lowered shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NatWest Group presently has an average rating of “Buy”.

NatWest Group Stock Up 0.9 %

NatWest Group stock opened at $11.79 on Friday. The firm has a market cap of $47.46 billion, a PE ratio of 8.67, a P/E/G ratio of 0.85 and a beta of 1.22. 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 firm’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $10.15. NatWest Group plc has a twelve month low of $6.17 and a twelve month high of $12.65.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. On average, research analysts predict 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. Stockholders of record on Friday, March 14th will be paid a dividend of $0.3899 per share. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.36. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 3.8%. NatWest Group’s dividend payout ratio 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.