Forum Financial Management LP Purchases 19,742 Shares of NatWest Group plc (NYSE:NWG)

Forum Financial Management LP lifted its position in NatWest Group plc (NYSE:NWG) by 94.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,696 shares of the company’s stock after acquiring an additional 19,742 shares during the period. Forum Financial Management LP’s holdings in NatWest Group were worth $414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP raised its holdings in NatWest Group by 499.0% in the fourth quarter. Marshall Wace LLP now owns 812,933 shares of the company’s stock worth $8,268,000 after purchasing an additional 677,222 shares in the last quarter. Bridgewater Associates LP bought a new position in shares of NatWest Group in the 4th quarter worth about $629,000. Guggenheim Capital LLC lifted its position in NatWest Group by 41.3% during the 4th quarter. Guggenheim Capital LLC now owns 17,516 shares of the company’s stock valued at $178,000 after acquiring an additional 5,116 shares during the period. XTX Topco Ltd bought a new stake in NatWest Group during the fourth quarter worth about $272,000. Finally, Mariner LLC grew its holdings in NatWest Group by 11.4% in the fourth quarter. Mariner LLC now owns 187,544 shares of the company’s stock worth $1,907,000 after purchasing an additional 19,122 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Ratings Changes

NWG has been the subject of several recent research reports. BNP Paribas lowered shares of NatWest Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 4th. Peel Hunt cut 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NatWest Group presently has an average rating of “Buy”.

NatWest Group Stock Up 0.6 %

Shares of NatWest Group stock opened at $12.27 on Monday. The company has a 50-day simple moving average of $11.74 and a two-hundred day simple moving average of $10.67. The stock has a market capitalization of $49.39 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. NatWest Group plc has a 52-week low of $6.99 and a 52-week high of $12.65. 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 (NYSE:NWG) last issued its earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates 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. On average, analysts anticipate that NatWest Group plc will post 1.35 EPS for the current fiscal year.

NatWest Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 14th will be given a $0.3899 dividend. This represents a yield of 3.8%. The ex-dividend date is Friday, March 14th. This is an increase from NatWest Group’s previous semi-annual dividend of $0.36. 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.