NatWest Group plc (NYSE:NWG) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its stake in shares of NatWest Group plc (NYSE:NWG) by 45.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,243,078 shares of the company’s stock after acquiring an additional 1,014,926 shares during the quarter. Northern Trust Corp owned about 0.08% of NatWest Group worth $32,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Natixis Advisors LLC lifted its holdings in shares of NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after purchasing an additional 408,239 shares during the last quarter. Dimensional Fund Advisors LP increased its position in NatWest Group by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company’s stock worth $74,473,000 after buying an additional 216,053 shares during the period. Todd Asset Management LLC boosted its holdings 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 acquiring an additional 10,755 shares during the period. Raymond James Financial Inc. purchased a new position in shares of NatWest Group during the fourth quarter worth approximately $27,339,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of NatWest Group by 5.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 2,673,551 shares of the company’s stock valued at $27,190,000 after acquiring an additional 127,680 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Trading Up 1.8 %

Shares of NatWest Group stock opened at $13.25 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $53.36 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. NatWest Group plc has a 52-week low of $7.80 and a 52-week high of $13.30. The company’s 50-day simple moving average is $12.13 and its 200-day simple moving average is $11.03.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) 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 analysts’ expectations of $3.80 billion. As a group, equities research 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 dividend of $0.3899 per share. The ex-dividend date was Friday, March 14th. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. NatWest Group’s dividend payout ratio is 51.68%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NWG shares. 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. BNP Paribas cut NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.