Todd Asset Management LLC Boosts Position in NatWest Group plc (NYSE:NWG)

Todd Asset Management LLC increased its stake in NatWest Group plc (NYSE:NWG) by 0.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,135,388 shares of the company’s stock after acquiring an additional 10,755 shares during the quarter. Todd Asset Management LLC’s holdings in NatWest Group were worth $42,057,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its position in NatWest Group by 121.3% during the 3rd quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after purchasing an additional 1,499 shares during the period. Hilltop National Bank bought a new stake in shares of NatWest Group in the 4th quarter valued at about $29,000. First Horizon Advisors Inc. raised its position in NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock worth $29,000 after buying an additional 1,787 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in NatWest Group during the 4th quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in NatWest Group during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Price Performance

Shares of NYSE NWG opened at $11.34 on Tuesday. The firm has a market cap of $45.65 billion, a PE ratio of 8.33, a PEG ratio of 0.85 and a beta of 1.30. The firm has a fifty day moving average of $10.50 and a 200 day moving average of $9.87. 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 one year low of $5.92 and a one year high of $11.62.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $3.75 billion. As a group, research analysts predict that NatWest Group plc will post 1.35 EPS 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. Shareholders of record on Friday, March 14th will be paid a dividend of $0.3899 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

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