Wells Fargo & Company MN increased its holdings in shares of NatWest Group plc (NYSE:NWG - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,901,822 shares of the company's stock after buying an additional 28,281 shares during the quarter. Wells Fargo & Company MN's holdings in NatWest Group were worth $19,342,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of NWG. Charles Schwab Investment Management Inc. raised its stake in NatWest Group by 22.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company's stock worth $2,299,000 after acquiring an additional 44,422 shares in the last quarter. Captrust Financial Advisors increased its position in NatWest Group by 24.4% during the 3rd quarter. Captrust Financial Advisors now owns 19,662 shares of the company's stock worth $184,000 after purchasing an additional 3,854 shares in the last quarter. HighTower Advisors LLC lifted its stake in NatWest Group by 79.1% in the 3rd quarter. HighTower Advisors LLC now owns 194,774 shares of the company's stock valued at $1,820,000 after purchasing an additional 86,029 shares during the last quarter. Stifel Financial Corp boosted its position in NatWest Group by 12.7% in the third quarter. Stifel Financial Corp now owns 396,490 shares of the company's stock valued at $3,711,000 after buying an additional 44,560 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of NatWest Group by 339.2% during the third quarter. Jane Street Group LLC now owns 53,450 shares of the company's stock worth $500,000 after buying an additional 41,279 shares during the last quarter. 1.27% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NWG has been the topic of several recent research reports. BNP Paribas downgraded NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Peel Hunt lowered NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NatWest Group presently has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on NWG
NatWest Group Trading Up 0.6 %
Shares of NYSE:NWG traded up $0.08 during mid-day trading on Friday, reaching $12.27. 4,156,118 shares of the company's stock were exchanged, compared to its average volume of 3,229,808. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group plc has a twelve month low of $6.95 and a twelve month high of $12.65. The firm has a market capitalization of $49.39 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.85 and a beta of 0.93. The business's fifty day moving average price is $11.74 and its 200-day moving average price is $10.65.
NatWest Group (NYSE:NWG - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $3.75 billion. On average, research analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.
NatWest Group Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.3899 per share. This represents a yield of 3.8%. The ex-dividend date is Friday, March 14th. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. NatWest Group's dividend payout ratio is currently 55.88%.
About NatWest Group
(
Free Report)
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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