Russell Investments Group Ltd. Grows Position in NatWest Group plc (NYSE:NWG)

Russell Investments Group Ltd. lifted its position in shares of NatWest Group plc (NYSE:NWG) by 20.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 39,546 shares of the company’s stock after purchasing an additional 6,704 shares during the quarter. Russell Investments Group Ltd.’s holdings in NatWest Group were worth $402,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NWG. Jane Street Group LLC grew its stake in NatWest Group by 339.2% during the third quarter. Jane Street Group LLC now owns 53,450 shares of the company’s stock worth $500,000 after buying an additional 41,279 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in NatWest Group during the 3rd quarter worth $33,000. GAMMA Investing LLC increased its holdings in NatWest Group by 56.0% in the 4th quarter. GAMMA Investing LLC now owns 11,529 shares of the company’s stock valued at $117,000 after purchasing an additional 4,138 shares in the last quarter. Hilltop National Bank purchased a new position in NatWest Group in the fourth quarter valued at about $29,000. Finally, Park Avenue Securities LLC lifted its stake in shares of NatWest Group by 56.9% during the fourth quarter. Park Avenue Securities LLC now owns 53,965 shares of the company’s stock worth $549,000 after purchasing an additional 19,579 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Trading Up 1.5 %

NYSE:NWG opened at $12.76 on Thursday. NatWest Group plc has a one year low of $7.18 and a one year high of $12.82. The business’s 50-day simple moving average is $11.82 and its 200 day simple moving average is $10.72. 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 stock has a market cap of $51.39 billion, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating the consensus estimate 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. As a group, sell-side analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be given a $0.3899 dividend. The ex-dividend date is 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 payout ratio is presently 55.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NWG shares. Peel Hunt lowered NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company 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.