Charles Schwab Investment Management Inc. Purchases 39,006 Shares of NatWest Group plc (NYSE:NWG)

Charles Schwab Investment Management Inc. raised its holdings in shares of NatWest Group plc (NYSE:NWG) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,637 shares of the company’s stock after buying an additional 39,006 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NatWest Group were worth $2,895,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Private Trust Co. NA boosted its holdings 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 acquiring an additional 1,499 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of NatWest Group during the fourth quarter valued at $27,000. Hilltop National Bank purchased a new stake in shares of NatWest Group during the fourth quarter valued at $29,000. First Horizon Advisors Inc. increased its stake in NatWest Group by 161.4% in 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 period. Finally, Wilmington Savings Fund Society FSB bought a new stake in NatWest Group during the 3rd quarter valued at about $33,000. Institutional investors own 1.27% of the company’s stock.

Analysts Set New Price Targets

NWG has been the topic of a number of research analyst reports. Peel Hunt downgraded shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. BNP Paribas cut NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, NatWest Group has an average rating of “Buy”.

NatWest Group Stock Up 1.0 %

NYSE:NWG opened at $12.15 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06. NatWest Group plc has a 1-year low of $6.70 and a 1-year high of $12.65. The company has a 50-day moving average of $11.42 and a 200 day moving average of $10.34. The firm has a market cap of $48.91 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22.

NatWest Group (NYSE:NWG) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate 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. As a group, research 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 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 dividend payout ratio (DPR) 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.