Y Intercept Hong Kong Ltd Acquires New Holdings in NatWest Group plc (NYSE:NWG)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWG. Natixis Advisors LLC raised its position in NatWest Group by 10.7% during the third quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock valued at $100,245,000 after acquiring an additional 1,031,057 shares in the last quarter. ABC Arbitrage SA bought a new position in NatWest Group during the fourth quarter valued at approximately $9,578,000. FMR LLC raised its position in NatWest Group by 57.0% during the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after acquiring an additional 721,578 shares in the last quarter. US Bancorp DE raised its position in NatWest Group by 352.4% during the third quarter. US Bancorp DE now owns 567,421 shares of the company’s stock valued at $5,311,000 after acquiring an additional 442,002 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of NatWest Group by 394.6% in the third quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock valued at $2,441,000 after purchasing an additional 196,724 shares during the period. Institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

NatWest Group Trading Up 0.9 %

NYSE:NWG opened at $12.26 on Friday. NatWest Group plc has a 12 month low of $6.13 and a 12 month high of $12.30. The firm has a market cap of $49.35 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 0.85 and a beta of 1.30. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $10.66 and its 200-day moving average is $9.95.

NatWest Group (NYSE:NWG) last released its quarterly earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. Equities analysts anticipate that NatWest Group plc will post 1.35 EPS for the current 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 $0.3899 dividend. This is an increase from NatWest Group’s previous semi-annual dividend of $0.36. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 3.8%. NatWest Group’s dividend payout ratio (DPR) is presently 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.