Bank of New York Mellon Corp Acquires 9,771 Shares of NatWest Group plc (NYSE:NWG)

Bank of New York Mellon Corp grew its holdings in NatWest Group plc (NYSE:NWG) by 3.2% in the 4th quarter, Holdings Channel reports. The fund owned 316,560 shares of the company’s stock after purchasing an additional 9,771 shares during the quarter. Bank of New York Mellon Corp’s holdings in NatWest Group were worth $3,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Claro Advisors LLC raised its stake in shares of NatWest Group by 15.8% in the third quarter. Claro Advisors LLC now owns 16,276 shares of the company’s stock valued at $152,000 after purchasing an additional 2,220 shares in the last quarter. Baron Wealth Management LLC raised its stake in shares of NatWest Group by 56.8% in the third quarter. Baron Wealth Management LLC now owns 19,365 shares of the company’s stock valued at $181,000 after purchasing an additional 7,017 shares in the last quarter. Caprock Group LLC raised its stake in shares of NatWest Group by 9.2% in the third quarter. Caprock Group LLC now owns 118,282 shares of the company’s stock valued at $1,107,000 after purchasing an additional 9,999 shares in the last quarter. OneAscent Financial Services LLC acquired a new position in shares of NatWest Group in the third quarter valued at $106,000. Finally, Advisors Asset Management Inc. raised its stake in shares of NatWest Group by 6.5% in the third quarter. Advisors Asset Management Inc. now owns 92,311 shares of the company’s stock valued at $864,000 after purchasing an additional 5,667 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NWG. Peel Hunt lowered NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. BNP Paribas lowered NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

NatWest Group Stock Performance

NatWest Group stock opened at $12.32 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 stock has a fifty day moving average price of $11.13 and a two-hundred day moving average price of $10.21. NatWest Group plc has a 52-week low of $6.33 and a 52-week high of $12.65. The firm has a market capitalization of $49.60 billion, a P/E ratio of 9.06, a P/E/G ratio of 0.85 and a beta of 1.22.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion for 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 fiscal year.

NatWest Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be paid a $0.3899 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. NatWest Group’s dividend payout ratio (DPR) 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.