Gallacher Capital Management LLC Raises Stock Position in NatWest Group plc (NYSE:NWG)

Gallacher Capital Management LLC increased its position in shares of NatWest Group plc (NYSE:NWG) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,904 shares of the company’s stock after buying an additional 1,093 shares during the quarter. Gallacher Capital Management LLC’s holdings in NatWest Group were worth $497,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in NatWest Group during the fourth quarter worth $27,000. Private Trust Co. NA grew its holdings in shares of NatWest Group by 121.3% during the 3rd 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 period. Hilltop National Bank acquired a new stake in shares of NatWest Group during the 4th quarter worth about $29,000. First Horizon Advisors Inc. raised its holdings in NatWest Group by 161.4% in the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock valued at $29,000 after buying an additional 1,787 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in NatWest Group in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NWG. Peel Hunt cut shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 6th. BNP Paribas downgraded shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, NatWest Group has an average rating of “Buy”.

NatWest Group Stock Performance

NYSE NWG opened at $11.79 on Friday. The company has a market cap of $47.46 billion, a P/E 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 has a 50-day moving average of $11.01 and a two-hundred day moving average of $10.15. NatWest Group plc has a 1-year low of $6.17 and a 1-year high of $12.65.

NatWest Group (NYSE:NWG) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. As a group, 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. Shareholders of record on Friday, March 14th will be paid a $0.3899 dividend. This is an increase 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 dividend yield of 3.8%. NatWest Group’s payout ratio is 55.88%.

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.