Cubist Systematic Strategies LLC Buys 542,143 Shares of NatWest Group plc (NYSE:NWG)

Cubist Systematic Strategies LLC increased its stake in NatWest Group plc (NYSE:NWG - Free Report) by 209.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 800,710 shares of the company's stock after acquiring an additional 542,143 shares during the quarter. Cubist Systematic Strategies LLC's holdings in NatWest Group were worth $8,143,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NWG. Natixis Advisors LLC increased its stake in NatWest Group by 3.8% in the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company's stock valued at $113,072,000 after purchasing an additional 408,239 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in NatWest Group by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company's stock worth $74,473,000 after buying an additional 216,053 shares during the period. Bank of America Corp DE boosted its holdings in NatWest Group by 25.1% in the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company's stock worth $47,924,000 after acquiring an additional 944,464 shares in the last quarter. Todd Asset Management LLC grew 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 valued at $42,057,000 after acquiring an additional 10,755 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of NatWest Group by 45.6% during the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company's stock valued at $32,982,000 after acquiring an additional 1,014,926 shares in the last quarter. Institutional investors own 1.27% of the company's stock.

NatWest Group Stock Up 1.8 %

NYSE:NWG traded up $0.23 during trading hours on Friday, hitting $13.25. 12,155,851 shares of the company traded hands, compared to its average volume of 3,440,241. NatWest Group plc has a one year low of $7.80 and a one year high of $13.30. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The company has a market cap of $53.36 billion, a PE ratio of 9.74, a PEG ratio of 0.85 and a beta of 1.01. The firm's 50-day simple moving average is $12.13 and its 200-day simple moving average is $11.03.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $5.30 billion for the quarter, compared to analysts' expectations of $3.80 billion. Equities analysts predict that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, April 28th. Investors of record on Friday, March 14th were given a dividend of $0.3899 per share. This represents a dividend yield of 3.8%. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date of this dividend was Friday, March 14th. NatWest Group's dividend payout ratio (DPR) is presently 51.68%.

Wall Street Analysts Forecast Growth

NWG has been the topic of a number of recent research reports. Peel Hunt cut 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 note on Tuesday, March 4th. Finally, Citigroup restated a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy".

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.