NatWest Group (NYSE:NWG) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

NatWest Group (NYSE:NWG) released its quarterly earnings data on Friday. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03, reports. The firm had revenue of $3.48 billion for the quarter.

NatWest Group Stock Up 6.2 %

Shares of NYSE:NWG traded up $0.46 during trading hours on Friday, hitting $7.84. The company’s stock had a trading volume of 2,587,887 shares, compared to its average volume of 1,747,658. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day moving average price is $6.65 and its 200 day moving average price is $5.83. NatWest Group has a 52 week low of $4.30 and a 52 week high of $7.87. The company has a market capitalization of $34.26 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 4.79 and a beta of 1.42.

NatWest Group Increases Dividend

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

Hedge Funds Weigh In On NatWest Group

Several institutional investors have recently bought and sold shares of NWG. First Trust Direct Indexing L.P. grew its position in shares of NatWest Group by 4.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock worth $218,000 after buying an additional 1,501 shares during the last quarter. Addison Advisors LLC grew its holdings in NatWest Group by 48.9% in the fourth quarter. Addison Advisors LLC now owns 6,520 shares of the company’s stock worth $37,000 after purchasing an additional 2,141 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of NatWest Group by 2.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 97,668 shares of the company’s stock worth $664,000 after purchasing an additional 2,268 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of NatWest Group by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 94,495 shares of the company’s stock valued at $545,000 after purchasing an additional 2,302 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of NatWest Group by 13.8% in the 3rd quarter. M&T Bank Corp now owns 19,602 shares of the company’s stock worth $114,000 after purchasing an additional 2,376 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

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.