QRG Capital Management Inc. Acquires 138,252 Shares of NatWest Group plc (NYSE:NWG)

QRG Capital Management Inc. grew its holdings in shares of NatWest Group plc (NYSE:NWG) by 41.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 467,834 shares of the company’s stock after buying an additional 138,252 shares during the quarter. QRG Capital Management Inc.’s holdings in NatWest Group were worth $4,758,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis Advisors LLC boosted its stake in NatWest Group by 10.7% during the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock valued at $100,245,000 after purchasing an additional 1,031,057 shares during the last quarter. Todd Asset Management LLC lifted 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 purchasing an additional 10,755 shares in the last quarter. FMR LLC boosted its position in shares of NatWest Group by 57.0% during the third quarter. FMR LLC now owns 1,988,329 shares of the company’s stock valued at $18,611,000 after buying an additional 721,578 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in NatWest Group by 0.4% during the third quarter. Crossmark Global Holdings Inc. now owns 1,674,253 shares of the company’s stock worth $15,671,000 after buying an additional 6,387 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new stake in NatWest Group in the 4th quarter valued at $9,578,000. 1.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

NatWest Group Trading Up 0.9 %

NYSE:NWG opened at $12.26 on Friday. NatWest Group plc has a 52 week low of $6.13 and a 52 week high of $12.30. The firm has a 50-day moving average price of $10.66 and a two-hundred day moving average price of $9.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $49.35 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $3.75 billion. On average, equities analysts expect that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.3899 per share. This represents a dividend yield of 3.8%. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. The ex-dividend date is Friday, March 14th. NatWest Group’s payout ratio is presently 55.88%.

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.