Principal Securities Inc. Increases Position in NatWest Group plc (NYSE:NWG)

Principal Securities Inc. grew its position in shares of NatWest Group plc (NYSE:NWG) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,148 shares of the company’s stock after purchasing an additional 2,194 shares during the period. Principal Securities Inc.’s holdings in NatWest Group were worth $174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in NatWest Group in the 3rd quarter worth approximately $572,000. Sanctuary Advisors LLC boosted its stake in shares of NatWest Group by 394.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 246,575 shares of the company’s stock valued at $2,441,000 after purchasing an additional 196,724 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NatWest Group by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock worth $2,299,000 after purchasing an additional 44,422 shares during the last quarter. US Bancorp DE grew its stake in shares of NatWest Group by 352.4% during the third quarter. US Bancorp DE now owns 567,421 shares of the company’s stock valued at $5,311,000 after buying an additional 442,002 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of NatWest Group by 78.8% in the third quarter. QRG Capital Management Inc. now owns 329,582 shares of the company’s stock worth $3,085,000 after buying an additional 145,295 shares during the period. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Stock Performance

Shares of NYSE:NWG opened at $11.34 on Tuesday. 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 company has a market cap of $45.65 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30. NatWest Group plc has a 12 month low of $5.92 and a 12 month high of $11.62. The company has a 50-day moving average price of $10.50 and a 200-day moving average price of $9.87.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $3.75 billion. As a group, equities analysts anticipate that NatWest Group plc will post 1.35 EPS for the current 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 $0.3899 dividend. This represents a dividend yield of 3.8%. 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. NatWest Group’s dividend payout ratio (DPR) is currently 55.88%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

About NatWest Group

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.