Summit Global Investments Buys Shares of 86,998 NatWest Group plc (NYSE:NWG)

Summit Global Investments purchased a new stake in NatWest Group plc (NYSE:NWG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 86,998 shares of the company’s stock, valued at approximately $885,000.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of NatWest Group in the third quarter worth about $572,000. New York State Common Retirement Fund acquired a new stake in NatWest Group in the fourth quarter valued at approximately $216,000. Raymond James Financial Inc. bought a new stake in shares of NatWest Group during the fourth quarter worth $27,339,000. Sanctuary Advisors LLC increased its holdings in shares of NatWest Group by 394.6% during the third quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock worth $2,441,000 after buying an additional 196,724 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of NatWest Group by 3.8% in the 4th quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock valued at $113,072,000 after acquiring an additional 408,239 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Stock Down 0.7 %

Shares of NYSE NWG opened at $12.02 on Monday. The company’s 50 day moving average price is $11.23 and its 200-day moving average price is $10.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group plc has a 52-week low of $6.61 and a 52-week high of $12.65. The company has a market capitalization of $48.39 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22.

NatWest Group (NYSE:NWG) last released its earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. Equities analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 14th will be issued 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 dividend payout ratio is presently 55.88%.

Wall Street Analyst Weigh In

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