US Bancorp DE Lowers Stake in NatWest Group plc (NYSE:NWG)

US Bancorp DE trimmed its holdings in NatWest Group plc (NYSE:NWG) by 4.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 543,024 shares of the company’s stock after selling 24,397 shares during the quarter. US Bancorp DE’s holdings in NatWest Group were worth $5,523,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. SVB Wealth LLC purchased a new stake in NatWest Group during the 4th quarter valued at approximately $242,000. QRG Capital Management Inc. increased its holdings in shares of NatWest Group by 41.9% in the fourth quarter. QRG Capital Management Inc. now owns 467,834 shares of the company’s stock valued at $4,758,000 after purchasing an additional 138,252 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of NatWest Group during the fourth quarter worth approximately $27,000. Todd Asset Management LLC lifted its holdings in shares of NatWest Group by 0.3% during the fourth quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock worth $42,057,000 after purchasing an additional 10,755 shares during the period. Finally, Bank of New York Mellon Corp grew its position in NatWest Group by 3.2% in the 4th quarter. Bank of New York Mellon Corp now owns 316,560 shares of the company’s stock valued at $3,219,000 after buying an additional 9,771 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas downgraded shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NatWest Group has an average rating of “Buy”.

NatWest Group Stock Performance

NYSE NWG opened at $12.08 on Wednesday. The stock has a market capitalization 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 business’s 50 day moving average is $10.74 and its two-hundred day moving average is $10.01. NatWest Group plc has a 12-month low of $6.17 and a 12-month high of $12.51. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16.

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

NatWest Group Increases Dividend

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

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.