First Horizon Advisors Inc. Raises Position in NatWest Group plc (NYSE:NWG)

First Horizon Advisors Inc. raised its holdings in NatWest Group plc (NYSE:NWG) by 161.4% in the fourth quarter, Holdings Channel reports. The fund owned 2,894 shares of the company’s stock after buying an additional 1,787 shares during the period. First Horizon Advisors Inc.’s holdings in NatWest Group were worth $29,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in NatWest Group by 121.3% in the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after acquiring an additional 1,499 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of NatWest Group during the 4th quarter worth approximately $29,000. Geneos Wealth Management Inc. acquired a new stake in shares of NatWest Group during the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of NatWest Group during the 3rd quarter worth approximately $33,000. Finally, Marks Group Wealth Management Inc acquired a new stake in shares of NatWest Group during the 3rd quarter worth approximately $96,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Stock Up 0.9 %

Shares of NYSE NWG opened at $12.26 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $49.35 billion, a P/E ratio of 9.01, a P/E/G ratio of 0.85 and a beta of 1.30. The company has a 50 day simple moving average of $10.66 and a 200-day simple moving average of $9.95. NatWest Group plc has a 1 year low of $6.13 and a 1 year high of $12.30.

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

NatWest Group Increases Dividend

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.