SVB Wealth LLC Takes $242,000 Position in NatWest Group plc (NYSE:NWG)

SVB Wealth LLC acquired a new stake in shares of NatWest Group plc (NYSE:NWG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,757 shares of the company’s stock, valued at approximately $242,000.

Other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. increased its position in shares of NatWest Group by 41.9% during the fourth quarter. QRG Capital Management Inc. now owns 467,834 shares of the company’s stock worth $4,758,000 after acquiring an additional 138,252 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of NatWest Group during the fourth quarter worth about $27,000. Todd Asset Management LLC increased its position in shares of NatWest Group by 0.3% during the fourth quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock worth $42,057,000 after acquiring an additional 10,755 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of NatWest Group by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 316,560 shares of the company’s stock worth $3,219,000 after acquiring an additional 9,771 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of NatWest Group during the fourth quarter worth about $630,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Trading Up 3.9 %

Shares of NWG stock opened at $12.57 on Thursday. NatWest Group plc has a 52-week low of $6.17 and a 52-week high of $12.65. 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 company has a 50-day simple moving average of $10.78 and a two-hundred day simple moving average of $10.03. The company has a market capitalization of $50.60 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.85 and a beta of 1.22.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $3.75 billion. Research analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 14th will be given a $0.3899 dividend. This represents a yield of 3.8%. This is an increase from NatWest Group’s previous semi-annual dividend of $0.36. The ex-dividend date is Friday, March 14th. NatWest Group’s dividend payout ratio is presently 55.88%.

Wall Street Analyst Weigh In

Separately, BNP Paribas downgraded shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.