Summit Global Investments Invests $885,000 in NatWest Group plc (NYSE:NWG)

Summit Global Investments purchased a new stake in shares of NatWest Group plc (NYSE:NWG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 86,998 shares of the company’s stock, valued at approximately $885,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA raised its stake in shares of NatWest Group by 121.3% in the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after purchasing an additional 1,499 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in NatWest Group during the fourth quarter worth $27,000. Hilltop National Bank purchased a new stake in NatWest Group in the 4th quarter valued at $29,000. First Horizon Advisors Inc. lifted its stake in NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after acquiring an additional 1,787 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in NatWest Group during the 3rd quarter valued at $33,000. Institutional investors own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. Peel Hunt lowered shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

NatWest Group Stock Down 0.7 %

Shares of NYSE:NWG opened at $12.02 on Monday. The company has a market capitalization of $48.39 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22. NatWest Group plc has a 1 year low of $6.61 and a 1 year high of $12.65. 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 business has a fifty day moving average price of $11.23 and a two-hundred day moving average price of $10.27.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Analysts forecast that NatWest Group plc will post 1.35 earnings per share for the current year.

NatWest Group Increases Dividend

The business 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 represents a dividend yield of 3.8%. The ex-dividend date is Friday, March 14th. This is a boost from NatWest Group’s previous semi-annual dividend of $0.36. NatWest Group’s payout ratio is 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.