Shares of NatWest Group plc (NYSE:NWG - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $7.38, but opened at $7.79. NatWest Group shares last traded at $7.79, with a volume of 811,128 shares.
NatWest Group Trading Up 6.3 %
The firm has a market capitalization of $34.28 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 4.43 and a beta of 1.42. The business has a 50-day moving average of $6.65 and a two-hundred day moving average of $5.83. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.15.
NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, February 16th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.14. The firm had revenue of $4.39 billion for the quarter. Research analysts predict that NatWest Group plc will post 0.93 EPS for the current fiscal year.
NatWest Group Increases Dividend
The business also recently disclosed a -- dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.2896 per share. This represents a yield of 6.4%. This is an increase from NatWest Group's previous -- dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 14th.
Institutional Investors Weigh In On NatWest Group
Institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. acquired a new stake in NatWest Group during the third quarter valued at approximately $25,000. Paradigm Asset Management Co. LLC bought a new position in shares of NatWest Group in the third quarter valued at approximately $26,000. Barclays PLC bought a new position in shares of NatWest Group in the second quarter valued at approximately $35,000. Addison Advisors LLC raised its stake in shares of NatWest Group by 48.9% in the fourth 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 last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of NatWest Group in the first quarter valued at approximately $44,000. 1.27% of the stock is owned by institutional investors and hedge funds.
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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