NatWest Group plc (NYSE:NWG) Stock Holdings Boosted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its position in NatWest Group plc (NYSE:NWG) by 57.3% during the fourth quarter, Holdings Channel reports. The fund owned 29,348 shares of the company’s stock after purchasing an additional 10,695 shares during the quarter. Smartleaf Asset Management LLC’s holdings in NatWest Group were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in NatWest Group in the 3rd quarter worth about $572,000. Sanctuary Advisors LLC raised its stake in NatWest Group by 394.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock valued at $2,441,000 after acquiring an additional 196,724 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in NatWest Group by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock valued at $2,299,000 after acquiring an additional 44,422 shares in the last quarter. US Bancorp DE boosted its position in NatWest Group by 352.4% during the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company’s stock worth $5,311,000 after acquiring an additional 442,002 shares during the period. Finally, QRG Capital Management Inc. grew its stake in shares of NatWest Group by 78.8% in the third quarter. QRG Capital Management Inc. now owns 329,582 shares of the company’s stock worth $3,085,000 after purchasing an additional 145,295 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors.

NatWest Group Price Performance

Shares of NYSE:NWG opened at $12.08 on Wednesday. The stock has a market cap of $48.63 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.85 and a beta of 1.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. NatWest Group plc has a 12 month low of $6.17 and a 12 month high of $12.51. The stock’s 50 day moving average price is $10.74 and its 200 day moving average price is $10.01.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.37 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. Equities research analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

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

Analysts Set New Price Targets

Separately, BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently 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.