New York State Common Retirement Fund Buys New Shares in NatWest Group plc (NYSE:NWG)

New York State Common Retirement Fund purchased a new position in NatWest Group plc (NYSE:NWG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,214 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. QRG Capital Management Inc. increased its stake in NatWest Group by 78.8% during the third quarter. QRG Capital Management Inc. now owns 329,582 shares of the company’s stock valued at $3,085,000 after acquiring an additional 145,295 shares during the period. Marks Group Wealth Management Inc acquired a new position in shares of NatWest Group in the third quarter valued at $96,000. Seascape Capital Management lifted its position in NatWest Group by 2.9% in the third quarter. Seascape Capital Management now owns 308,702 shares of the company’s stock worth $2,889,000 after purchasing an additional 8,767 shares during the period. Assetmark Inc. boosted its stake in NatWest Group by 81.7% during the third quarter. Assetmark Inc. now owns 112,112 shares of the company’s stock worth $1,049,000 after buying an additional 50,419 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in NatWest Group by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,674,253 shares of the company’s stock valued at $15,671,000 after buying an additional 6,387 shares during the period. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BNP Paribas lowered 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NatWest Group has an average rating of “Buy”.

NatWest Group Stock Up 3.9 %

Shares of NYSE:NWG opened at $12.57 on Thursday. The company has a market capitalization of $50.60 billion, a PE ratio of 9.24, a P/E/G ratio of 0.85 and a beta of 1.22. The company’s fifty day moving average is $10.78 and its 200-day moving average is $10.03. 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 plc has a 52 week low of $6.17 and a 52 week high of $12.65.

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

NatWest Group Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 14th will be issued a $0.3899 dividend. This is a boost 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 yield of 3.8%. NatWest Group’s dividend payout ratio (DPR) is currently 55.88%.

NatWest Group Company 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.