Ethic Inc. Has $2.13 Million Holdings in NatWest Group plc (NYSE:NWG)

Ethic Inc. grew its position in shares of NatWest Group plc (NYSE:NWG) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,015 shares of the company’s stock after buying an additional 4,495 shares during the quarter. Ethic Inc.’s holdings in NatWest Group were worth $2,126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Natixis Advisors LLC grew its position in NatWest Group by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock worth $113,072,000 after acquiring an additional 408,239 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in NatWest Group by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company’s stock worth $74,473,000 after purchasing an additional 216,053 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of NatWest Group by 25.1% during the fourth quarter. Bank of America Corp DE now owns 4,712,296 shares of the company’s stock worth $47,924,000 after purchasing an additional 944,464 shares during the last quarter. Todd Asset Management LLC increased its stake in shares of NatWest Group by 0.3% in the fourth quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock valued at $42,057,000 after buying an additional 10,755 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of NatWest Group by 45.6% in the fourth quarter. Northern Trust Corp now owns 3,243,078 shares of the company’s stock valued at $32,982,000 after buying an additional 1,014,926 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NWG. Citigroup reissued a “buy” rating on shares of NatWest Group in a report on Monday, April 28th. Peel Hunt cut shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. Finally, BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. 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. According to data from MarketBeat.com, NatWest Group has an average rating of “Buy”.

NatWest Group Stock Performance

NatWest Group stock opened at $13.25 on Monday. The company has a market cap of $53.36 billion, a PE ratio of 9.74, a PEG ratio of 0.85 and a beta of 1.01. 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 plc has a 1 year low of $7.80 and a 1 year high of $13.30. The company’s 50-day moving average is $12.13 and its two-hundred day moving average is $11.04.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The business had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $3.80 billion. Equities analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 14th were paid a $0.3899 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 3.8%. This is an increase from NatWest Group’s previous semi-annual dividend of $0.36. NatWest Group’s dividend payout ratio is 51.68%.

About NatWest Group

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.