Signaturefd LLC Buys 2,794 Shares of NatWest Group plc (NYSE:NWG)

Signaturefd LLC boosted its position in shares of NatWest Group plc (NYSE:NWG) by 4.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 60,658 shares of the company’s stock after buying an additional 2,794 shares during the quarter. Signaturefd LLC’s holdings in NatWest Group were worth $617,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NWG. Natixis Advisors LLC boosted its stake in shares of NatWest Group by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock worth $113,072,000 after purchasing an additional 408,239 shares during the period. Todd Asset Management LLC lifted its stake in NatWest Group by 0.3% in the fourth quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock worth $42,057,000 after purchasing an additional 10,755 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of NatWest Group during the fourth quarter valued at approximately $27,339,000. FMR LLC grew its stake in shares of 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 buying an additional 721,578 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of NatWest Group in the fourth quarter worth approximately $9,578,000. Institutional investors own 1.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. 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. BNP Paribas cut NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

NatWest Group Price Performance

Shares of NWG opened at $12.32 on Thursday. 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 company has a 50 day moving average price of $11.13 and a 200-day moving average price of $10.21. NatWest Group plc has a fifty-two week low of $6.33 and a fifty-two week high of $12.65. The stock has a market capitalization of $49.60 billion, a PE ratio of 9.06, a PEG ratio of 0.85 and a beta of 1.22.

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

NatWest Group Increases Dividend

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