Shares of NatWest Group plc (NYSE:NWG - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $6.97, but opened at $7.21. NatWest Group shares last traded at $7.22, with a volume of 209,197 shares changing hands.
NatWest Group Stock Up 2.3 %
The firm's 50-day moving average price is $6.16 and its 200 day moving average price is $5.68. The firm has a market capitalization of $31.19 billion, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 4.12 and a beta of 1.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.06 and a quick ratio of 1.06.
NatWest Group (NYSE:NWG - Get Free Report) last announced its earnings results on Friday, February 16th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.14. The firm had revenue of $4.39 billion for the quarter. Sell-side analysts expect that NatWest Group plc will post 0.94 EPS for the current year.
NatWest Group Increases Dividend
The business also recently declared a -- dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.2896 per share. The ex-dividend date is Thursday, March 14th. This represents a yield of 6.4%. This is an increase from NatWest Group's previous -- dividend of $0.14. NatWest Group's dividend payout ratio (DPR) is currently 52.78%.
Hedge Funds Weigh In On NatWest Group
Large investors have recently bought and sold shares of the stock. NBC Securities Inc. purchased a new position in NatWest Group during the third quarter worth approximately $25,000. Paradigm Asset Management Co. LLC purchased a new position in shares of NatWest Group in the 3rd quarter valued at $26,000. Barclays PLC purchased a new position in shares of NatWest Group in the 2nd quarter valued at $35,000. Addison Advisors LLC raised its stake in shares of NatWest Group by 48.9% in the 4th quarter. Addison Advisors LLC now owns 6,520 shares of the company's stock valued at $37,000 after acquiring an additional 2,141 shares during the period. Finally, Ronald Blue Trust Inc. raised its stake in shares of NatWest Group by 232.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 9,531 shares of the company's stock valued at $59,000 after acquiring an additional 6,664 shares during the period. Hedge funds and other institutional investors own 1.27% of the company's stock.
About NatWest Group
(
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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.
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