NatWest Group (NYSE:NWG) Shares Gap Up to $7.38

NatWest Group plc (NYSE:NWG) gapped up prior to trading on Friday . The stock had previously closed at $7.38, but opened at $7.79. NatWest Group shares last traded at $7.79, with a volume of 811,128 shares.

NatWest Group Trading Up 6.2 %

The firm has a market cap of $34.26 billion, a P/E ratio of 7.20, a PEG ratio of 4.43 and a beta of 1.42. The firm’s fifty day moving average is $6.61 and its two-hundred day moving average is $5.81. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.15.

NatWest Group (NYSE:NWG) last announced its earnings results on Friday, February 16th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $4.39 billion for the quarter. Analysts predict that NatWest Group plc will post 0.93 earnings per share for the current fiscal year.

NatWest Group Increases Dividend

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

Institutional Trading of NatWest Group

Several institutional investors have recently bought and sold shares of NWG. NBC Securities Inc. bought a new stake in shares of NatWest Group during the third quarter valued at approximately $25,000. Paradigm Asset Management Co. LLC purchased a new stake in NatWest Group in the third quarter worth approximately $26,000. Barclays PLC purchased a new stake in NatWest Group in the second quarter worth approximately $35,000. Addison Advisors LLC boosted 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. Finally, Allspring Global Investments Holdings LLC purchased a new stake in NatWest Group in the first quarter worth approximately $44,000. 1.27% of the stock is owned by hedge funds and other 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.