NatWest Group (NYSE:NWG) Reaches New 12-Month High at $7.87

NatWest Group plc (NYSE:NWG)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $7.87 and last traded at $7.87, with a volume of 117421 shares traded. The stock had previously closed at $7.78.

NatWest Group Trading Up 0.8 %

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $6.86 and a 200 day moving average price of $5.92.

NatWest Group (NYSE:NWG) last issued its quarterly earnings data on Friday, April 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $3.48 billion for the quarter. Research analysts anticipate that NatWest Group plc will post 0.96 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, April 29th. Shareholders of record on Friday, March 15th were paid a $0.2896 dividend. This is a boost from NatWest Group’s previous — dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 6.4%.

Hedge Funds Weigh In On NatWest Group

Several hedge funds have recently made changes to their positions in NWG. Sequoia Financial Advisors LLC increased its stake in NatWest Group by 320.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 120,003 shares of the company’s stock valued at $676,000 after buying an additional 91,434 shares during the last quarter. Envestnet Asset Management Inc. raised its position in NatWest Group by 66.9% during the third quarter. Envestnet Asset Management Inc. now owns 706,519 shares of the company’s stock worth $4,119,000 after acquiring an additional 283,301 shares in the last quarter. Natixis Advisors L.P. grew its position in shares of NatWest Group by 21.7% in the 3rd quarter. Natixis Advisors L.P. now owns 6,477,194 shares of the company’s stock valued at $37,762,000 after acquiring an additional 1,156,216 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of NatWest Group by 75.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 19,029 shares of the company’s stock valued at $111,000 after purchasing an additional 8,193 shares during the period. Finally, Brandes Investment Partners LP lifted its stake in NatWest Group by 24.6% in the 3rd quarter. Brandes Investment Partners LP now owns 904,737 shares of the company’s stock valued at $5,275,000 after purchasing an additional 178,858 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

NatWest Group Company 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.