Bank of Montreal Can Has $3.53 Million Holdings in NatWest Group plc (NYSE:NWG)

Bank of Montreal Can increased its stake in NatWest Group plc (NYSE:NWG - Free Report) by 2,076.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,351 shares of the company's stock after purchasing an additional 331,390 shares during the quarter. Bank of Montreal Can's holdings in NatWest Group were worth $3,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC raised its position in NatWest Group by 36.0% during the fourth quarter. Cerity Partners LLC now owns 114,762 shares of the company's stock valued at $1,132,000 after buying an additional 30,377 shares during the period. Russell Investments Group Ltd. lifted its position in shares of NatWest Group by 20.4% in the fourth quarter. Russell Investments Group Ltd. now owns 39,546 shares of the company's stock worth $402,000 after purchasing an additional 6,704 shares in the last quarter. Wells Fargo & Company MN grew its position in NatWest Group by 1.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,901,822 shares of the company's stock valued at $19,342,000 after purchasing an additional 28,281 shares in the last quarter. Pitcairn Co. increased its stake in NatWest Group by 7.4% in the 4th quarter. Pitcairn Co. now owns 17,223 shares of the company's stock valued at $175,000 after buying an additional 1,193 shares during the period. Finally, OneAscent Financial Services LLC boosted its stake in shares of NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock valued at $124,000 after buying an additional 926 shares during the period. Institutional investors and hedge funds own 1.27% of the company's stock.

Wall Street Analyst Weigh In

NWG has been the subject of a number of research reports. BNP Paribas cut NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. Peel Hunt cut NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy".

NatWest Group Stock Down 1.0 %

NYSE NWG traded down $0.12 during trading on Monday, hitting $12.15. 2,768,295 shares of the company traded hands, compared to its average volume of 3,234,202. NatWest Group plc has a 12 month low of $6.99 and a 12 month high of $12.65. The business has a fifty day simple moving average of $11.75 and a 200 day simple moving average of $10.69. The company has a market capitalization of $48.93 billion, a P/E ratio of 8.93, a PEG ratio of 0.85 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating 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. As a group, sell-side analysts predict that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.3899 per share. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, March 14th. NatWest Group's dividend payout ratio 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.