2,688,238 Shares in NatWest Group plc (NYSE:NWG) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in NatWest Group plc (NYSE:NWG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,688,238 shares of the company's stock, valued at approximately $27,339,000. Raymond James Financial Inc. owned approximately 0.07% of NatWest Group as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Jane Street Group LLC increased its stake in NatWest Group by 339.2% in the third quarter. Jane Street Group LLC now owns 53,450 shares of the company's stock worth $500,000 after purchasing an additional 41,279 shares during the period. MML Investors Services LLC boosted its holdings in NatWest Group by 66.4% in the third quarter. MML Investors Services LLC now owns 69,531 shares of the company's stock worth $651,000 after acquiring an additional 27,742 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NatWest Group during the third quarter valued at $33,000. GAMMA Investing LLC increased its holdings in NatWest Group by 56.0% in the 4th quarter. GAMMA Investing LLC now owns 11,529 shares of the company's stock worth $117,000 after buying an additional 4,138 shares during the period. Finally, Hilltop National Bank acquired a new position in shares of NatWest Group in the 4th quarter valued at about $29,000. 1.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NWG has been the topic of several analyst reports. Peel Hunt lowered shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, March 6th. BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NatWest Group currently has an average rating of "Buy".

NatWest Group Trading Up 1.0 %

NWG stock traded up $0.13 during midday trading on Wednesday, hitting $12.70. 2,710,188 shares of the company's stock were exchanged, compared to its average volume of 3,254,928. NatWest Group plc has a 1-year low of $7.16 and a 1-year high of $12.81. The business has a 50-day simple moving average of $11.78 and a two-hundred day simple moving average of $10.71. The stock has a market capitalization of $51.15 billion, a PE ratio of 9.34, a P/E/G ratio of 0.85 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share (EPS) 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. On average, sell-side analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be issued a $0.3899 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's payout ratio is currently 55.88%.

NatWest Group 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.