Guggenheim Capital LLC Increases Holdings in NatWest Group plc (NYSE:NWG)

Guggenheim Capital LLC increased its stake in shares of NatWest Group plc (NYSE:NWG) by 41.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,516 shares of the company’s stock after acquiring an additional 5,116 shares during the quarter. Guggenheim Capital LLC’s holdings in NatWest Group were worth $178,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NWG. Whipplewood Advisors LLC acquired a new stake in NatWest Group during the fourth quarter worth $27,000. Hilltop National Bank acquired a new stake in NatWest Group during the fourth quarter worth $29,000. First Horizon Advisors Inc. increased its stake in NatWest Group by 161.4% during the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock worth $29,000 after acquiring an additional 1,787 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in NatWest Group during the third quarter worth $33,000. Finally, Geneos Wealth Management Inc. acquired a new stake in NatWest Group during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NatWest Group Trading Up 1.2 %

NWG opened at $13.13 on Wednesday. NatWest Group plc has a 12 month low of $7.68 and a 12 month high of $13.18. The stock has a market capitalization of $52.88 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.85 and a beta of 0.93. 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 business has a fifty day moving average price of $11.96 and a 200 day moving average price of $10.83.

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

NatWest Group Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, April 28th. Investors of record on Friday, March 14th were paid a dividend of $0.3899 per share. This represents a yield of 3.8%. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. The ex-dividend date of this dividend was Friday, March 14th. NatWest Group’s payout ratio is presently 56.62%.

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.