O Shaughnessy Asset Management LLC boosted its position in NatWest Group plc (NYSE:NWG – Free Report) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 1,560,029 shares of the company’s stock after buying an additional 70,150 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in NatWest Group were worth $15,865,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NWG. Natixis Advisors LLC raised its holdings in shares of NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after buying an additional 408,239 shares during the last quarter. Todd Asset Management LLC raised its stake in NatWest Group by 0.3% during the 4th quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock valued at $42,057,000 after acquiring an additional 10,755 shares in the last quarter. Raymond James Financial Inc. acquired a new position in NatWest Group during the 4th quarter worth $27,339,000. FMR LLC grew its stake in shares of NatWest Group by 57.0% in the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock worth $18,611,000 after purchasing an additional 721,578 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of NatWest Group by 16.8% during the fourth quarter. American Century Companies Inc. now owns 1,368,151 shares of the company’s stock valued at $13,914,000 after purchasing an additional 196,470 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
NWG has been the subject of a number of recent analyst reports. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. 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. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NatWest Group currently has an average rating of “Buy”.
NatWest Group Price Performance
Shares of NatWest Group stock opened at $11.98 on Monday. NatWest Group plc has a 52 week low of $6.70 and a 52 week high of $12.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $11.45 and its two-hundred day moving average price is $10.38. The stock has a market cap of $48.23 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22.
NatWest Group (NYSE:NWG – Get Free Report) last released its earnings results on Friday, February 14th. The company reported $0.37 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 analyst estimates of $3.75 billion. As a group, sell-side analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.
NatWest Group Increases Dividend
The business also recently disclosed 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. The ex-dividend date is Friday, March 14th. This is a positive change 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 currently 55.88%.
About NatWest Group
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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