NatWest Group (NYSE:NWG) Shares Gap Up Following Earnings Beat

NatWest Group plc (NYSE:NWG) shares gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. 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 trading hands.

The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $3.48 billion for the quarter.

NatWest Group Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 15th will be given 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.

Hedge Funds Weigh In On NatWest Group

A number of large investors have recently bought and sold shares of NWG. NBC Securities Inc. purchased a new position in NatWest Group during the 3rd quarter worth $25,000. Paradigm Asset Management Co. LLC acquired a new position in shares of NatWest Group during the 3rd quarter worth $26,000. Barclays PLC acquired a new position in shares of NatWest Group during the 2nd quarter worth $35,000. Addison Advisors LLC grew its stake in shares of NatWest Group by 48.9% during the 4th quarter. Addison Advisors LLC now owns 6,520 shares of the company’s stock worth $37,000 after purchasing an additional 2,141 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of NatWest Group during the 1st quarter worth $44,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $34.26 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 4.51 and a beta of 1.42. The stock’s 50 day moving average price is $6.65 and its two-hundred day moving average price is $5.83.

NatWest Group Company 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.