Congress Wealth Management LLC DE Raises Position in NatWest Group plc (NYSE:NWG)

Congress Wealth Management LLC DE lifted its stake in shares of NatWest Group plc (NYSE:NWG) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,523 shares of the company’s stock after buying an additional 2,598 shares during the period. Congress Wealth Management LLC DE’s holdings in NatWest Group were worth $321,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in NatWest Group during the 4th quarter worth $27,000. Private Trust Co. NA boosted its holdings in NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after purchasing an additional 1,499 shares during the last quarter. Hilltop National Bank bought a new stake in NatWest Group in the 4th quarter worth about $29,000. First Horizon Advisors Inc. increased its stake in NatWest Group by 161.4% in the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after buying an additional 1,787 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of NatWest Group during the 4th quarter worth approximately $35,000. Institutional investors own 1.27% of the company’s stock.

NatWest Group Trading Down 1.4 %

NYSE:NWG opened at $11.98 on Friday. NatWest Group plc has a 12 month low of $6.70 and a 12 month high of $12.65. 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 firm’s 50 day moving average is $11.45 and its 200 day moving average is $10.37. The stock has a market capitalization of $48.23 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22.

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, beating the consensus estimate 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. Sell-side analysts expect that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

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

Wall Street Analysts Forecast Growth

NWG has been the subject of a number of research analyst reports. Peel Hunt downgraded 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 note on Tuesday, March 4th. One investment 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 company. According to MarketBeat, the stock presently has a consensus 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.