NatWest Group (NYSE:NWG) Hits New 12-Month High - What's Next?

Shares of NatWest Group plc (NYSE:NWG - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $13.02 and last traded at $12.97, with a volume of 3548520 shares. The stock had previously closed at $12.86.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NWG shares. Citigroup reissued a "buy" rating on shares of NatWest Group in a research report on Monday. BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. Finally, Peel Hunt downgraded NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy".

NatWest Group Trading Down 1.7 %

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 $11.96 and a 200-day moving average price of $10.83. The firm has a market capitalization of $52.03 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.85 and a beta of 0.93.

NatWest Group (NYSE:NWG - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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. As a group, research analysts forecast that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 14th were given a $0.3899 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 3.8%. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's payout ratio is currently 56.62%.

Institutional Trading of NatWest Group

Several institutional investors have recently made changes to their positions in the stock. Aaron Wealth Advisors LLC grew its position in NatWest Group by 2.4% in the first quarter. Aaron Wealth Advisors LLC now owns 35,935 shares of the company's stock valued at $428,000 after acquiring an additional 831 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of NatWest Group by 7.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 12,555 shares of the company's stock worth $150,000 after acquiring an additional 833 shares during the period. OneAscent Financial Services LLC lifted its holdings in NatWest Group by 8.2% in the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock valued at $124,000 after acquiring an additional 926 shares during the last quarter. Adero Partners LLC boosted its stake in shares of NatWest Group by 8.4% during the 1st quarter. Adero Partners LLC now owns 12,723 shares of the company's stock worth $152,000 after acquiring an additional 985 shares in the last quarter. Finally, Gallacher Capital Management LLC increased its stake in NatWest Group by 2.3% in the 4th quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company's stock worth $497,000 after purchasing an additional 1,093 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Company 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.