Truist Financial Corp Has $303,000 Position in NatWest Group plc (NYSE:NWG)

Truist Financial Corp lifted its position in NatWest Group plc (NYSE:NWG) by 31.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,769 shares of the company’s stock after acquiring an additional 7,136 shares during the period. Truist Financial Corp’s holdings in NatWest Group were worth $303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NWG. Quantbot Technologies LP acquired a new position in NatWest Group in the third quarter valued at about $572,000. Sanctuary Advisors LLC lifted its holdings in shares of NatWest Group by 394.6% during 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. grew its position in shares of NatWest Group by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 245,631 shares of the company’s stock valued at $2,299,000 after purchasing an additional 44,422 shares during the period. QRG Capital Management Inc. increased its stake in NatWest Group by 78.8% during the 3rd quarter. QRG Capital Management Inc. now owns 329,582 shares of the company’s stock worth $3,085,000 after purchasing an additional 145,295 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its holdings in NatWest Group by 79.3% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 130,291 shares of the company’s stock worth $1,325,000 after buying an additional 57,618 shares during the period. Institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Performance

Shares of NatWest Group stock opened at $12.57 on Thursday. 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 firm has a market cap of $50.60 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22. The stock’s 50-day moving average is $10.78 and its 200-day moving average is $10.03. NatWest Group plc has a one year low of $6.17 and a one year high of $12.65.

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

NatWest Group Increases Dividend

The firm also recently announced 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 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 is presently 55.88%.

Analysts Set New Price Targets

Separately, BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from 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.