Brandes Investment Partners LP Has $12.10 Million Position in NatWest Group plc (NYSE:NWG)

Brandes Investment Partners LP lessened its stake in shares of NatWest Group plc (NYSE:NWG) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,189,438 shares of the company’s stock after selling 29,500 shares during the period. Brandes Investment Partners LP’s holdings in NatWest Group were worth $12,097,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA boosted its stake in NatWest Group by 121.3% during the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after purchasing an additional 1,499 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in NatWest Group during the 4th quarter valued at about $27,000. Hilltop National Bank acquired a new position in NatWest Group during the 4th quarter valued at about $29,000. First Horizon Advisors Inc. boosted its stake in NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after purchasing an additional 1,787 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in NatWest Group during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Trading Up 0.9 %

NYSE:NWG opened at $11.79 on Friday. 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 stock has a market capitalization of $47.46 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22. The firm’s 50 day moving average is $11.01 and its 200 day moving average is $10.15. NatWest Group plc has a 12 month low of $6.17 and a 12 month high of $12.65.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. Sell-side analysts expect that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be issued a $0.3899 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, March 14th. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. NatWest Group’s payout ratio is 55.88%.

Analyst Upgrades and Downgrades

Several research firms have commented on NWG. BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. Peel Hunt cut shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 6th. 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 company. According to MarketBeat.com, NatWest Group currently has a consensus rating of “Buy”.

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.