Whittier Trust Co. Makes New $42,000 Investment in NatWest Group plc (NYSE:NWG)

Whittier Trust Co. purchased a new position in NatWest Group plc (NYSE:NWG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,102 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NWG. Whipplewood Advisors LLC bought a new position in NatWest Group in the 4th quarter worth $27,000. Private Trust Co. NA lifted its position in shares of NatWest Group by 121.3% in the third 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 in the last quarter. Hilltop National Bank bought a new position in shares of NatWest Group in the fourth quarter worth about $29,000. First Horizon Advisors Inc. grew its position in shares of 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 purchasing an additional 1,787 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in NatWest Group during the 4th quarter valued at approximately $35,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on NWG. Peel Hunt lowered shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

NatWest Group Stock Up 1.1 %

NYSE NWG opened at $12.13 on Tuesday. The stock has a 50 day moving average price of $11.29 and a 200-day moving average price of $10.29. NatWest Group plc has a one year low of $6.61 and a one year high of $12.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $48.85 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.85 and a beta of 1.22.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, February 14th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $3.75 billion. As a group, equities analysts predict that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 3.8%. This is an increase from NatWest Group’s previous semi-annual dividend of $0.36. NatWest Group’s payout ratio is currently 55.88%.

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.