Bank of America Corp DE Has $47.92 Million Holdings in NatWest Group plc (NYSE:NWG)

Bank of America Corp DE lifted its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 25.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,712,296 shares of the company's stock after buying an additional 944,464 shares during the quarter. Bank of America Corp DE owned about 0.12% of NatWest Group worth $47,924,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in shares of NatWest Group during the 4th quarter worth $27,000. First Horizon Advisors Inc. lifted its holdings in shares of NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock worth $29,000 after acquiring an additional 1,787 shares during the period. Geneos Wealth Management Inc. purchased a new position in NatWest Group in the fourth quarter valued at approximately $35,000. Whittier Trust Co. purchased a new position in NatWest Group in the fourth quarter valued at approximately $42,000. Finally, Apollon Wealth Management LLC purchased a new position in NatWest Group in the fourth quarter valued at approximately $108,000. Hedge funds and other institutional investors own 1.27% of the company's stock.

NatWest Group Stock Performance

Shares of NYSE NWG traded up $0.24 during midday trading on Friday, reaching $13.60. 9,288,669 shares of the company traded hands, compared to its average volume of 3,567,633. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50-day moving average price of $12.26 and a 200 day moving average price of $11.14. NatWest Group plc has a 52 week low of $7.80 and a 52 week high of $13.61. The company has a market cap of $54.75 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.85 and a beta of 1.01.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The business had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $3.80 billion. Sell-side analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, April 28th. Shareholders of record on Friday, March 14th were given a $0.3899 dividend. The ex-dividend date was Friday, March 14th. This is a boost from NatWest Group's previous semi-annual dividend of $0.36. This represents a yield of 3.8%. NatWest Group's payout ratio is 51.68%.

Wall Street Analyst Weigh In

NWG has been the subject of a number of recent analyst reports. Peel Hunt downgraded shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. BNP Paribas downgraded shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Finally, Citigroup restated a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

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.