Bridgewater Associates LP Buys Shares of 61,893 NatWest Group plc (NYSE:NWG)

Bridgewater Associates LP bought a new position in NatWest Group plc (NYSE:NWG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 61,893 shares of the company's stock, valued at approximately $629,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Guggenheim Capital LLC raised its position in NatWest Group by 41.3% in the fourth quarter. Guggenheim Capital LLC now owns 17,516 shares of the company's stock worth $178,000 after purchasing an additional 5,116 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of NatWest Group in the 4th quarter valued at about $272,000. Mariner LLC lifted its holdings in shares of NatWest Group by 11.4% during the fourth quarter. Mariner LLC now owns 187,544 shares of the company's stock worth $1,907,000 after buying an additional 19,122 shares in the last quarter. Sagespring Wealth Partners LLC bought a new stake in NatWest Group during the fourth quarter worth $231,000. Finally, Qtron Investments LLC acquired a new stake in shares of NatWest Group during the fourth quarter valued at about $708,000. Institutional investors and hedge funds own 1.27% of the company's stock.

NatWest Group Price Performance

Shares of NYSE NWG traded up $0.07 during mid-day trading on Friday, hitting $12.79. 2,635,547 shares of the company's stock traded hands, compared to its average volume of 3,286,498. The company's 50-day moving average is $11.86 and its two-hundred day moving average is $10.74. The company has a market capitalization of $51.49 billion, a P/E ratio of 9.39, a PEG ratio of 0.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. NatWest Group plc has a 1 year low of $7.27 and a 1 year high of $12.82.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share (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 analysts' expectations of $3.75 billion. On average, equities analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Peel Hunt cut shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.