NatWest Group (NYSE:NWG) Hits New 12-Month High Following Earnings Beat

Shares of NatWest Group plc (NYSE:NWG) reached a new 52-week high on Monday following a stronger than expected earnings report. The company traded as high as $13.21 and last traded at $13.19, with a volume of 958511 shares traded. The stock had previously closed at $13.00.

The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $3.80 billion.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.3899 per share. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.36. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 3.8%. NatWest Group’s dividend payout ratio (DPR) is presently 51.68%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NWG shares. Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a research note on Monday, April 28th. Peel Hunt downgraded NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. Finally, BNP Paribas cut NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Hedge Funds Weigh In On NatWest Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Alliance LLC bought a new stake in shares of NatWest Group during the 1st quarter valued at $241,000. Hardy Reed LLC bought a new stake in NatWest Group in the first quarter valued at about $152,000. Massachusetts Financial Services Co. MA boosted its holdings in NatWest Group by 32.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,246,919 shares of the company’s stock worth $14,863,000 after buying an additional 302,305 shares during the last quarter. Signaturefd LLC grew its position in shares of NatWest Group by 4.4% during the 1st quarter. Signaturefd LLC now owns 63,322 shares of the company’s stock worth $755,000 after buying an additional 2,664 shares during the period. Finally, Cutter & CO Brokerage Inc. bought a new stake in shares of NatWest Group in the 1st quarter valued at about $214,000. 1.27% of the stock is owned by institutional investors.

NatWest Group Stock Up 0.7 %

The firm has a market capitalization of $52.70 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 0.85 and a beta of 1.01. The business’s 50-day moving average is $12.06 and its two-hundred day moving average is $10.94. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06.

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.