Jones Financial Companies Lllp Grows Stock Holdings in NatWest Group plc (NYSE:NWG)

Jones Financial Companies Lllp raised its position in shares of NatWest Group plc (NYSE:NWG) by 190.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,731 shares of the company’s stock after purchasing an additional 9,662 shares during the period. Jones Financial Companies Lllp’s holdings in NatWest Group were worth $150,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in NatWest Group by 57.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 29,348 shares of the company’s stock valued at $299,000 after purchasing an additional 10,695 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of NatWest Group in the fourth quarter worth about $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 worth $4,758,000 after buying an additional 138,252 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of NatWest Group in the fourth quarter worth about $27,000. Finally, Todd Asset Management LLC increased its holdings in shares of NatWest Group by 0.3% in the fourth quarter. Todd Asset Management LLC now owns 4,135,388 shares of the company’s stock worth $42,057,000 after buying an additional 10,755 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NWG has been the topic of several analyst reports. BNP Paribas downgraded NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. Peel Hunt downgraded NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. 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 data from MarketBeat, NatWest Group has an average rating of “Buy”.

NatWest Group Stock Up 0.9 %

Shares of NYSE:NWG opened at $11.79 on Friday. NatWest Group plc has a 1 year low of $6.17 and a 1 year high of $12.65. The company has a market cap of $47.46 billion, a PE ratio of 8.67, a P/E/G ratio of 0.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average is $11.01 and its 200 day moving average is $10.15.

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, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Sell-side analysts anticipate that NatWest Group plc will post 1.35 EPS for the current year.

NatWest Group Increases Dividend

The firm 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 dividend of $0.3899 per share. This represents a yield of 3.8%. The ex-dividend date is Friday, March 14th. 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.