Allspring Global Investments Holdings LLC Buys 2,416 Shares of NatWest Group plc (NYSE:NWG)

Allspring Global Investments Holdings LLC grew its stake in shares of NatWest Group plc (NYSE:NWG) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,035 shares of the company’s stock after purchasing an additional 2,416 shares during the period. Allspring Global Investments Holdings LLC’s holdings in NatWest Group were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NWG. Adero Partners LLC raised its stake in NatWest Group by 9.5% during the 4th quarter. Adero Partners LLC now owns 11,738 shares of the company’s stock worth $119,000 after buying an additional 1,014 shares during the period. Raymond James Trust N.A. increased its holdings in shares of NatWest Group by 3.0% during the third quarter. Raymond James Trust N.A. now owns 35,878 shares of the company’s stock valued at $336,000 after acquiring an additional 1,039 shares in the last quarter. Optas LLC raised its position in shares of NatWest Group by 11.5% during the fourth quarter. Optas LLC now owns 11,912 shares of the company’s stock worth $121,000 after purchasing an additional 1,228 shares during the period. Five Oceans Advisors lifted its holdings in shares of NatWest Group by 12.0% in the 4th quarter. Five Oceans Advisors now owns 12,684 shares of the company’s stock worth $129,000 after purchasing an additional 1,358 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its position in NatWest Group by 13.3% in the 4th quarter. Perigon Wealth Management LLC now owns 12,045 shares of the company’s stock valued at $122,000 after purchasing an additional 1,411 shares during the period. Institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Monday, November 4th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

NatWest Group Stock Performance

Shares of NWG opened at $11.82 on Wednesday. The firm has a market capitalization of $47.58 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.85 and a beta of 1.30. NatWest Group plc has a 52 week low of $5.92 and a 52 week high of $11.88. The stock has a 50 day moving average price of $10.53 and a two-hundred day moving average price of $9.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share (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 the consensus estimate of $3.75 billion. Equities analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be issued a $0.3899 dividend. The ex-dividend date of this dividend 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 dividend 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.