Cubist Systematic Strategies LLC Increases Stake in NatWest Group plc (NYSE:NWG)

Cubist Systematic Strategies LLC raised its holdings in NatWest Group plc (NYSE:NWG - Free Report) by 209.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 800,710 shares of the company's stock after buying an additional 542,143 shares during the period. Cubist Systematic Strategies LLC's holdings in NatWest Group were worth $8,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OneAscent Financial Services LLC increased its holdings in NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company's stock worth $124,000 after purchasing an additional 926 shares in the last quarter. Adero Partners LLC raised its position in NatWest Group by 9.5% in the 4th quarter. Adero Partners LLC now owns 11,738 shares of the company's stock valued at $119,000 after buying an additional 1,014 shares during the last quarter. Gallacher Capital Management LLC grew its stake in shares of 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 acquiring an additional 1,093 shares in the last quarter. Pitcairn Co. grew its position in NatWest Group by 7.4% in the 4th quarter. Pitcairn Co. now owns 17,223 shares of the company's stock worth $175,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Optas LLC increased its stake in NatWest Group by 11.5% in the 4th quarter. Optas LLC now owns 11,912 shares of the company's stock valued at $121,000 after buying an additional 1,228 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on NWG. Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a report on Monday, April 28th. BNP Paribas downgraded shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Finally, Peel Hunt downgraded shares of 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 assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, NatWest Group currently has an average rating of "Buy".

NatWest Group Stock Performance

Shares of NWG traded up $0.19 during trading hours on Tuesday, hitting $13.11. The company's stock had a trading volume of 3,680,608 shares, compared to its average volume of 3,472,812. The company has a market cap of $52.80 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.85 and a beta of 1.01. 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 business has a 50 day simple moving average of $12.14 and a two-hundred day simple moving average of $11.06. NatWest Group plc has a 52-week low of $7.80 and a 52-week high of $13.30.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. The company had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $3.80 billion. On average, equities analysts expect 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. Stockholders of record on Friday, March 14th were given a dividend of $0.3899 per share. This represents a dividend yield of 3.8%. The ex-dividend date was Friday, March 14th. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's dividend payout ratio (DPR) is 51.68%.

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.