Pitcairn Co. Raises Stock Position in NatWest Group plc (NYSE:NWG)

Pitcairn Co. lifted its stake in NatWest Group plc (NYSE:NWG) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,223 shares of the company’s stock after purchasing an additional 1,193 shares during the period. Pitcairn Co.’s holdings in NatWest Group were worth $175,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NWG. OneAscent Financial Services LLC raised its stake in NatWest Group by 8.2% in the fourth quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company’s stock worth $124,000 after buying an additional 926 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of NatWest Group by 5.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 944,614 shares of the company’s stock worth $9,607,000 after acquiring an additional 49,462 shares in the last quarter. Trexquant Investment LP lifted its stake in shares of NatWest Group by 510.9% in the 4th quarter. Trexquant Investment LP now owns 247,808 shares of the company’s stock valued at $2,520,000 after purchasing an additional 207,242 shares during the period. Franklin Resources Inc. boosted its position in shares of NatWest Group by 9.9% during the fourth quarter. Franklin Resources Inc. now owns 26,063 shares of the company’s stock valued at $265,000 after purchasing an additional 2,356 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in NatWest Group by 4.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,560,029 shares of the company’s stock worth $15,865,000 after purchasing an additional 70,150 shares during the period. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Down 9.6 %

NWG stock opened at $10.72 on Monday. The business has a 50 day moving average of $11.58 and a 200 day moving average of $10.48. The firm has a market cap of $43.15 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. NatWest Group plc has a twelve month low of $6.75 and a twelve month high of $12.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $3.75 billion. On average, research analysts forecast 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 issued a $0.3899 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. This represents a yield of 3.8%. NatWest Group’s payout ratio is 55.88%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NWG. Peel Hunt lowered NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 6th. BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

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.