Wells Fargo & Company MN Purchases 28,281 Shares of NatWest Group plc (NYSE:NWG)

Wells Fargo & Company MN lifted its position in NatWest Group plc (NYSE:NWG) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,901,822 shares of the company’s stock after acquiring an additional 28,281 shares during the quarter. Wells Fargo & Company MN’s holdings in NatWest Group were worth $19,342,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. OneAscent Financial Services LLC boosted its position in NatWest Group by 8.2% during the 4th quarter. OneAscent Financial Services LLC now owns 12,211 shares of the company’s stock valued at $124,000 after acquiring an additional 926 shares in the last quarter. Adero Partners LLC grew its stake in NatWest Group by 9.5% in the fourth quarter. Adero Partners LLC now owns 11,738 shares of the company’s stock valued at $119,000 after purchasing an additional 1,014 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in NatWest Group by 2.3% in the fourth quarter. Gallacher Capital Management LLC now owns 48,904 shares of the company’s stock worth $497,000 after purchasing an additional 1,093 shares in the last quarter. Pitcairn Co. lifted its position in shares of NatWest Group by 7.4% during the fourth quarter. Pitcairn Co. now owns 17,223 shares of the company’s stock valued at $175,000 after buying an additional 1,193 shares during the last quarter. Finally, Optas LLC boosted its holdings in shares of NatWest Group by 11.5% in the 4th quarter. Optas LLC now owns 11,912 shares of the company’s stock valued at $121,000 after buying an additional 1,228 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Trading Up 3.1 %

NYSE NWG opened at $11.63 on Monday. NatWest Group plc has a 12-month low of $6.75 and a 12-month high of $12.65. The company has a fifty day simple moving average of $11.63 and a two-hundred day simple moving average of $10.56. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. The stock has a market cap of $46.82 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.85 and a beta of 0.93.

NatWest Group (NYSE:NWG) last issued its earnings results 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 analysts’ expectations of $3.75 billion. On average, analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

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

Analyst Upgrades and Downgrades

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